Summary of Chapter 4

Key Takeaways

  • Taxes are a crucial part of financial literacy, and as a student, understanding them can help you save money and avoid penalties.
  • Learn about the various tax forms, such as the W-2 and 1098-T, that you’ll need to file.
  • Take advantage of tax credits and deductions, like the American Opportunity Tax Credit and the Student Loan Interest Deduction, to reduce your tax burden.
  • For international students, be mindful of your tax filing status and possible treaty benefits.
  • Utilize free online tools and campus resources to help you file your taxes with ease.

 

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Basic Financial Education Curriculum for Students Copyright © by Associated Students of the University of Idaho (ASUI) is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License, except where otherwise noted.