4 Tax Tips for University Students

If you’re a university student, tax season might feel like one more assignment you didn’t sign up for—but learning to handle your taxes now can help you avoid stress, save money, and even score a refund.

At Walker Tax Relief, we help students, young professionals, and first-time filers navigate their taxes with confidence. Here are four essential tax tips to help you start strong:

1. File Early to Avoid Penalties (and Get That Refund!)
Filing your tax return as soon as possible helps you:

Avoid late penalties
Protect against fraudulent returns filed in your name
Receive your refund faster (if you’re eligible)

Even if your income is low, it’s still worth filing—you might qualify for education tax credits or a refund from federal tax withholding.

2. Use the Correct Tax Form (and File Electronically)
Forget about the old 1040EZ—it’s been phased out. Most students will now file using:

Form 1040 (the standard federal income tax return)
Schedule 1 if you’re claiming adjustments like student loan interest or education credits
Online tax software or a tax professional can help ensure you’re using the right forms and filing accurately.

3. Keep Copies of All Your Tax Documents
Stay organized by saving:

W-2s (if you had a job)
1098-T (Tuition Statement from your school)
1099 forms (for freelance or gig income)

Any documents related to scholarships, grants, or student loan interest

Digital copies are fine—just make sure they’re stored securely. Having everything in one place will save you time and stress next year.

4. Ask a Tax Pro for Help If You’re Unsure
University students often qualify for valuable tax benefits like:

American Opportunity Tax Credit (AOTC)
Lifetime Learning Credit
Student loan interest deduction

But these can get confusing, especially if your parents are also claiming you as a dependent. Jennifer Walker, an experienced Enrolled Agent based in Northville, Michigan, can help you understand what you qualify for—and make sure you’re filing correctly the first time.

Final Thoughts
Taxes may not be your favorite part of student life, but with a little planning, they don’t have to be stressful. Whether you’re working part-time, freelancing, or just navigating your first return, Walker Tax Relief is here to help.

Serving students and families in Northville, MI and nationwide
Need guidance? Contact Jennifer Walker for expert tax help.