If you’re a student, attended at least one course last year, you might qualify for significant student tax breaks.
TurboTax specializes in helping students get their maximum tax refund, so click below to learn more, or check out the short video with tax tips for students:
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Tax Tips for Students from TurboTax
The Lifetime Learning tax credit – Students
Students will find that the The Lifetime Learning tax credit is the most easy to qualify for, giving you up to a $2000 tax credit towards school expenses including tuition and books. To qualify for this tax credit, you’ll just need to show proof that you attended at lease 1 class during the year.
The American Opportunity Tax credit – Students
As a student, The American Opportunity tax credit can give you up to $2500 tax credit for tuition, books, and supplies that you spent money on in the first four years of pursuing a college degree.
Don’t owe the IRS money? Great; you might be eligible for a tax refund check for 40% of the tax credits that you quality for! You can use the TurboTax Student Edition for your maximum tax refund, and free Federal efile with every edition.
Not eligible for these Student Tax Credits?
Not a problem! As a college student you may still qualify for a tax deduction of up to $4k, even if you get grants, loans, or a scholarship. Check out the link to the Student Edition of TurboTax above, or their free version for simple tax returns., consistently ranked as the best free tax software.
International Student Tax Credits / Deductions
As an international student, or non-US resident, you might be required to file a 1040NR. TurboTax can walk you through that as well to ensure you don’t miss any tax deductions and get your maximum refund.
Related: Students: Understanding Taxes: IRS.gov