Don’t Fall for These 12 Common Tax Myths

MYTH: STUDENTS DON’T HAVE TO FILE A TAX RETURN

Maybe true, maybe not. The IRS cares not about the educational status of citizens but about their income. If students have more than $10,350 in income or $400 in self-employment income, they need to file. Even if working students earn less than the filing minimum, it’s a good idea to file, because a refund may be due.

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