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.
China rejects US accusations over normal China
China's new Hugo Award winner draws inspiration from history and traditional culture
Musgrove goes 7 innings and Bogaerts homers as the Padres beat the Blue Jays 6
Investors trying to take control of Norfolk Southern railroad pick up key support
Lod helps Minnesota United beat Charlotte 3
Former Duke guard Jeremy Roach indicates he will play a final college season at Baylor
ANDREW PIERCE: Will Keir criticism see Mandy back in the wilderness?
Chinese defense minister holds video call with US counterpart
Lauren Sanchez 'begged Kellyanne Conway for help with her public image when they met at a party'
Pakistani FM Ishaq Dar designated deputy PM
China urges U.S. to formulate universal data security rules to enable orderly, free data flows