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Student myths about filing fees to dispel

Find out the truth about the beliefs that all young people have about student fees.

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When ** tax ** season comes, it's a tense time for everyone. Between paperwork and codes I challenge anyone who is not an expert not to be in trouble. Add to this some false myths about filing your ** tax return ** that don't help beginners. Therefore in this article we want to dispel some myths to make things clearer. With the right information, everything is easier. Enjoy the reading!

** 1. "If I am a student I don't have to submit the taxes" **

Many students believe that they do not have to file a tax return because they attend university. Although they are not full-time workers, there is an ** income threshold ** beyond which it is necessary to submit the return. If this threshold is exceeded, a student will also have to pay tuition. Remember that most of the students who have a job will hardly be able to reach that figure, because they are often part-time jobs or summer jobs that do not allow you to earn enough. However, if a student works full-time, he can take advantage of some ** advantages ** that are reserved for him, such as deductions from school fees. It thus becomes counterproductive not to submit the declaration, because it can preclude advantages.

**2. "Tax will take me a long time" **

If you decide to do it with pen and paper, like in the old days, it will take you between 2 to 20 hours of work between checks and reviews. The use of ** tax software ** will allow you to take between 20 minutes and 3 hours to complete. There are many software programs that grant student discounts and will make your job easier. At that point your work will be limited to collecting tax returns and other material, which will certainly take less time than all the overall work.

** 3. "I will have difficulty paying taxes because I'm not good at math" **

Not being skilled in mathematics won't be a limitation on your tax return. In fact, there are programs that help you in the collection of information, in the calculations and also in remembering the deadlines and reimbursements that are due to you. Furthermore, you can always rely on an expert on the subject who can help you in all phases.

** 4. "If I rely on a professional I will spend too much money" **

Although we have shown how simple it can be to pay taxes, it is plausible that you still do not feel convinced and want to rely on a ** professional . By now, many companies have provided moderately priced experts, accessible even to ** low-budget students , who will help you take advantage of tax credits and transfer unused tuition and training credits so you can apply for them. in the future.

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