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Put general information on taxes here. (Lia)
Turbotax and Taxact are both free tax services that will allow you to pay or receive your refund electronically. You can submit your federal tax return for free, but there is usually a fee if you want to submit your state taxes with these services. You'll have (at least) a W-2 from Columbia University and a 1098-T if you have scholarships or grants.
However, New York State does have a free e-file program, you just have to use the right service. http://www.tax.ny.gov/pit/efile/freefile_eligibility3.htm shows which on-line services they are. If you earned income in another state, you'll have to file there too and in general those services might not be free (check before you start). Each state has different agreements between the tax preparation software, so finding the right software is really key.
If you don't have many deductions or outside income to report (e.g. tutoring, interest) you can easily fill out a 1040 or 1040 EZ by hand. These forms are all available for free on www.irs.gov
First and Second year support
First and second year students are paid partially on a stipend, from which taxes are not automatically withdrawn. Be sure to set aside some taxes for the end of the year.
Third year and beyond
Outside fellowships and stipends
If you are on an outside grant (e.g. NSF or a NASA grant), you will receive stipend checks from which taxes are NOT automatically withdrawn. Be sure to set aside some taxes for the end of the year.
International Students
Outside Income and Deductions
If you donate to a charity, don't forget to report it for a deduction on your taxes!
Should we report facilities fees as an educational expense? Why or why not?
::Most graduate students will not need to do anything more than the standard deduction unless you had a child, bought a house, had en enormous medical expense, started a business or did something that requires itemization. Donation to charities unless it is in the realm of tens of thousands of dollars a year will not likely affect your taxes.
