NEW YORK (AP) — There are lots of things college students and their parents should keep in mind before filing their taxes, and while tax pros say it’s great for college students to start filing their own forms, parents and students should double check everything carefully before anyone pushes the “submit” button.
For dependent students filing taxes for the first time, it’s easy to overlook checking the “dependent” box, and they cannot then be claimed on their parents’ tax forms without the long and arduous task of amending the return merely for failure to check a box.
“College students need to be very careful that they understand whether or not their parents are eligible to claim them as a dependent,” says Tom O’Saben, director of tax content and government relations at the American Association of Tax Professionals. Merely not claiming a dependent does not make that taxpayer independent, he says.
Steve Gleason, 47, reveals his daily 'exorcism' as he battles ALS: Ex
Simon Harris elected as Ireland's new prime minister
5 years' jail for Portuguese national in HK over 'demonising China'
What a dirty office kitchen says about your workplace culture
Ahead of the Paris Olympics, police clear a migrant camp near City Hall
Long Beach Police arrest 4 in gang
Hongkonger faces jail over 'insult' to Chinese national anthem
'Devastated': Widow pleads for late husband’s dream to be realised
Call for stronger trail grading standards after mountain biker's death
Free child care from higher taxes? These cities subsidize daycare
VOX POPULI: Kishida’s gift of cherry seedlings to the U.S. raises uneasy feeling