Area Students May Be Entitled Benefits, Tax Refunds

The state Department of Taxation and Finance is reminding new high school graduates and current college students who earn income in New York state that they may be entitled to tax refunds and education-related benefits.

A student may be owed a refund on tax withheld from their seasonal or part-time job, but must file a return to claim it.

“We urge students to learn about their tax obligation and determine whether they need to file a tax return, so they don’t miss out on any refunds they’re owed,” said Nonie Manion, acting taxation and finance commissioner. “Students may also qualify for other tax credits and deductions that can help offset tuition costs.”

Steps for students to take:

¯ Maintain a file for any tax documents or paycheck information received.

¯ Determine their tax filing status using the IRS What is My Filing Status? tool.

¯ Find out whether they’ll be claimed as dependents by parents or guardians.

New York also offers several money-savings programs, including credits and other tax benefits specifically for college students.

An undergraduate students paying their own tuition, who isn’t being claimed as a dependent on someone else’s return, could receive up to $400 in credit. Alternatively, a taxpayer may claim an itemized deduction of up to $10,000 per student. Visit our website at College tuition credit or itemized deduction for more information.

College textbooks are exempt from sales tax whether they’re purchased at a bookstore, by mail, online, or by any other means.

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