Lake Superior State University
Lake Superior State University
 
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Alum Success

Chelsea Sparrow

"My experience at Lake Superior State University is one of the best of my life. Not only did the education I received prepare me immensely for the work world, I made friendships and connections that are sure to last me a lifetime. LSSU is the perfect collegiate experience: exceptional educators, a welcoming community and the beauty of Michigan’s Upper Peninsula."

--Chelsea Sparrow
LSSU Athletic Training Graduate;
ATC Graduate Intern Athletic Trainer;
University of Minnesota, Duluth

Parents at Lake State

A Tax Time Reminder

The advent of a new year means that tax paperwork will soon be arriving. So, if you are still involved in your student’s tax return preparation, you’ll need to gather those incoming W-2s from on- or off-campus jobs. Talk about exchanging these forms now so that they don’t get lost in the jumble of your student’s busy life.
And, if your student does his own tax return, encourage him to check into campus tax resources. Some organizations offer free tax preparation assistance to students. The accounting department may offer help, too. Students who learn to do their own taxes are acquiring a lifetime skill.

Start preparing now… April 15 will arrive sooner that you think!

Publication 970 (2005), Tax Benefits for Education

The IRS offers an online guide to possible tax benefits for education. The publication:

Explains the taxability of various types of educational assistance such as scholarships, fellowships and tuition reductions.

Explains educational benefits such as the Hope credit, the lifetime learning credit and 10 others (i.e. possible deduction of tuition and fees, participation in qualified tuition program).

Goes in-depth when it comes to reminders, who is eligible and more.

Check it out at http://www.irs.gov/publications/ p970/index.html. You can also visit www.irs.gov or call 1-800-829-1040 with further questions.

 

Majoring in Sports and Recreation Mgmt...

Krisse Spalding

Krisse Spalding
Sports and Recreation Management
Thompsonville, MI

The close family feeling between friends, faculty and staff. [ more ]

Apply Today!

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