College students might be facing a deadline not imposed by their professors, but by Uncle Sam: April 15, tax day.
Students risk losing money if they choose not to file an income tax return and could be leaving money on the table in the form of deductions and write offs. Filling out and filing tax forms can be complicated and mistakes can be costly to a student’s bank account.
Many students will be filing for the first time and it can be difficult to know exactly what to include on a return, particularly if students earn only a small amount of income through a summer or part time job while in school, warns Margaret Munro, author and tax consultant.
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