TurboTax for college students: Did you know that TurboTax has a special version of their software just for students? It’s true, and they specialize in helping students get their maximum tax refund.
In fact, TurboTax will check to see if you qualify for up to $1000 of education credits and tax deductions including your student loans. If you have simple taxes, you might even be able to file free!
Click below for the TurboTax student discount:
Is TurboTax Free for Students?
Can college students file free with TurboTax? Yes, but only if you have simple taxes. Most students can file Federal and State taxes for free until March 15th with the Free Edition. Students may also use the “Freedom Edition” which is also completely free for those who qualify.
However, if you are a student Uber driver, work part-time, or have income from investments, then your taxes are not so simple. In that case, TurboTax is not free and they recommend their Self-Employed edition (which costs more) to maximize potential deductions.
So, can you use the free student edition? Click here to find out now.
TurboTax Service Code for Students?
Does TurboTax issue service codes to students? No, there is no specific service code for students. In fact, service codes are only issued directly by TurboTax support to customers for specific reasons such as a complaint or issue with an order. Students do not need to enter a code to get a discount or to file free!
About TurboTax for Students:
If you are a college student, TurboTax might just be the perfect software choice to file your federal and state taxes.
Why? Because they have special education credits and deduction finder to make sure you get your maximum tax refund.
Interested? Learn what education credits and tax deductions you can claim on your tax return by using TurboTax for students. Learn more.
Bonus: 3 Tax Tips for College Students
1. The American Opportunity Tax credit – College 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 qualify for! You can use the TurboTax Student Edition for your maximum tax refund, and free Federal e-file with every edition.
2. The Lifetime Learning tax credit – Students
Students will find that the Lifetime Learning tax credit is the easiest 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 least 1 class during the year.
3. International Student Tax Credits / Deductions
Are you an international student? As an international student or non-US resident, you may be required to file a 1040NR. If so, you will not be able to use TurboTax software.
Unfortunately, TurboTax doesn’t support form 1040NR for nonresident aliens but does partner with a company called, “Sprintax” who does. Learn more
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.
*Related: Students: Understanding Taxes: IRS.gov