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Today (April 15th) is the deadline to file your taxes! What does this mean? How do you do this? Honestly, it’s not that bad.
You can get money back! When you file your taxes you get tax returns...that’s money for YOU! There are so many resources to do this. Personally, I have used H&R Block for the last two years; here’s a link https://www.hrblock.com/online-tax-filing/
They literally walk you through everything. If you have no idea what’s going on, click on that link, and do what they say.
If you think this doesn’t apply to you, it probably does. If you’re at least 16 years old
with a job...you can get some money back. If you have stocks you get some money back too (or have to pay some taxes).
Also, this process takes, like, maybe 20 minutes? Especially at our age.
So why do we file for tax returns?
Take a look at your W-2 form. This is a document your workplace sends you with all your money and tax information. You should have gotten one either in the mail or with whatever online platform your employer uses.
With every paycheck you get, some money is withheld for different taxes. You’ll see this on your W-2. You get some of this money BACK when you file for your tax return.
We’re students dude!! I just found out we can get returns (money 🤑🤑) for BEING STUDENTS.
I was going through the tax filing process on H&R Block, and some of us can qualify for the American opportunity tax credit (AOTC). Here’s the requirements:
Be pursuing a degree or other recognized education credential
Be enrolled at least half time for at least one academic period beginning in the tax year
Not have finished the first four years of higher education at the beginning of the tax year
Not have claimed the AOTC or the former Hope credit for more than four tax years
Not have a felony drug conviction at the end of the tax year
(This is from the IRS)
The IRS page says you need a Form 1098-T from your university to qualify for this as well...I don’t have that. However, with H&R Block, I just typed in my university’s name and their federal ID number...and it worked.
PLEASE GO FILE YOUR TAXES!!! GET YOUR MONEY!!!
As always, ask us any other questions you have. We are in this together!!
