Questions tagged [student]

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How to report 1256 future contracts gains/losses?

I am a student in the US on F1 visa. I have been involved in trading future contracts and cannot find correct way of reporting the gains/losses from doing so. I received 1099 B with a section 1256 ...
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2 votes
2 answers
125 views

Where do international students pay taxes?

I am a citizen of one EU state studying in Germany and would like to start investing. As far as I am concerned, I am considered only "temporary living" in Germany. In this case, where would ...
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1 vote
1 answer
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Studying Finance: What topic to study after TVM?

Sorry for posting 2 questions in a day here. I am new to finance, and I´m really enjoying learning. So I´ve covered the 1st topic of Financial Maths which is the TVM (but didn´t dive deep because my ...
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0 votes
1 answer
86 views

Are there any loan options for the international students in the US? [closed]

I am an international student of one of the university of California campuses. I study PhD and am a fully funded student with around $30,000 annual salary(before tax). I need about $5000 in cash and ...
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3 votes
2 answers
216 views

What personal finance tips should a graduate (PhD) student know or take advantage of?

Are there any special tax provisions or incentives that PhD students should be aware of in order to grow their wealth or limit taxes during the duration of their PhD? Assume the student is a US ...
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1 vote
1 answer
63 views

Where is the fiscal resident of international students receiving scholarship

I am a citizen of Turkey, and I am studying in Germany while receiving a scholarship from the German government. Where is my fiscal residence?, i.e where is my tax-residency? Edit: I have no other ...
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  • 373
0 votes
1 answer
254 views

Stimulus Check Eligibility as 22yr Old College Student

I am a 22 year old college student. My mom has not claimed me on her taxes since 2015. I have claimed independent since I turned 18. I do not live with her, she does not support me. I am a full time ...
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1 vote
2 answers
99 views

Are financial aid checks taxable and as a student how do I pay taxes on these checks?

I'm going to trade school and excelling grade-wise. Every so often I've been getting financial-aid checks from the community college. This is what was left after the most basic things were paid by ...
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1 vote
2 answers
824 views

Is it bad to leave a checking account empty for up to a month?

My son is in college out of state and we have set up a bank that I transfer money to, but there is no physical location for him to get cash or in-network atm. I just got him a grocery debit card to ...
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14 votes
4 answers
4k views

50K, what to do with it? [duplicate]

I'm 26 and a double masters student in transportation planning and engineering. I have received 50k in settlement money; I don’t know what’s the best course of action with this money. Im looking at 56,...
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2 votes
0 answers
30 views

Filing state taxes as a student

My resident state is NJ. I attended college in Georgia and my grandparents cashed in a 529 Plan to pay my tuition in Georgia. I then transferred to a college in Colorado during that same (tax) year. ...
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2 votes
2 answers
197 views

Savings strategy for grad students (minimal expenditures and minimal savings)

This is question has been somewhat asked elsewhere: Savings account vs Roth 401k Savings Account Rates vs. CD Rates vs IRA CD Rates Can a Roth IRA be used as a savings account? However, I wanted to ...
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1 vote
1 answer
117 views

Placement student savings account

I have started a placement year (full time job for 14 months) as part of my university degree. I am looking to save a regular amount of money each month - something that would gain interest (if ...
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0 votes
2 answers
258 views

Where do I go to invest?

I have been reading up on investing my spare savings in index funds/bonds and so forth and I am very interested in saving my money for long term use. But all the sources are not clear on what and ...
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3 votes
1 answer
4k views

Can I invest in the stock market as an international student?

Can an international student holding student resident permit in Germany, invest in the stock market? As international students are not allowed to start a business so does that restrictions also apply ...
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4 votes
1 answer
175 views

Can a student non-resident alien choose to not exempt themselves from the substantial presence test?

Can I choose not to use my student exemption from the substantial presence test, or must I do so no matter what? i.e. Is the student exemption from the test optional or mandatory? If optional, how do ...
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7 votes
1 answer
3k views

Student debt in arrears from living overseas- what to do?

I have been living overseas for 3 years and did not inform the student finance company (stupid, and totally my fault!) and they have recently sent me a letter asking to confirm my employment status- a ...
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7 votes
2 answers
393 views

Television license tax in Switzerland as exchange student

My background: I am a Belgian student studying for 6 months in Lausanne (Switzerland) in an exchange program. Recently I received a letter where I was asked to pay a television license tax of 365 ...
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26 votes
9 answers
10k views

3.5% Interest Student Loan or use all of my savings on Tuition?

I've got one year of University left and luckily I've managed to stash around ~$18k in savings that my expenses never cut into. My tuition for my last year will probably be around $13k. I hate the ...
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1 vote
1 answer
210 views

I'm an F1 Student that has an W2 Form from volunteer work, am I in trouble?

I worked in a film last year and I did it voluntarily because to my knowledge I'm not supposed to be paid by non other than the university. They made me sign some documents because international ...
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2 votes
1 answer
356 views

How can I now claim the benefits if I forgot to submit a W8?

I'm an international grad student in the US, and according to the tax treaty the US has with my country, my fellowship is tax exempt. However, I forgot to file the W8 form with my university, so for ...
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  • 21
0 votes
1 answer
188 views

Should I reduce my income as a student to save money? - Tax Returns

I'm a full time student in New York during the school year, and I live in Massachusetts as a dependent of my parents. I've earned $500 as a teacher's assistant out of state (NY) this year and I have a ...
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3 votes
5 answers
252 views

How to deal plan a budget with extremely variable income?

I am a full time master's student. My income comes exclusively in the form of irregular scholarships and grants, both in terms of time and amount. I have no regular income. For example, I might get ...
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10 votes
3 answers
1k views

Rebuilding my life at 30, broke and supportless

Okay, so try to ignore the "drama" in this and I'll try to keep this short. I'm unemployed (on my 3rd disability appeal) but in college I max out my loans but it's about $500 a month left after my ...
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  • 101
2 votes
0 answers
302 views

Tax Filing: US citizen studying abroad at university in Switzerland

I am a US citizen in my 20s living in Switzerland for most of the last 3 years. The tax rules seem to have changed from what I thought to be true before. As such, I am quite confused and hope someone ...
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  • 21
3 votes
0 answers
20 views

What tax year do I claim a fellowship if it is on both the 2017 1098-T and the 2018 1042-S?

Note: I am an international student and receive a yearly 1042-S. I got a fellowship in November 2017 but my University did not distribute the money until January 2018. Because I am an international ...
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2 votes
1 answer
32 views

Can a graduate student (in Canada) submit his tax file corresponding to the last year?

I'm an international graduate student living in Canada from September 2016. I didn't submit any tax forms corresponding to 2016 last year. Now, I am about to gather all required slips (T4, T4A, T2202A,...
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  • 141
5 votes
0 answers
131 views

Is there any reason I'd prefer having my school not report a 1098-T?

I didn't get a 1098-T from my school this year. I contacted them about it, and they said it wasn't required in my case, but they went ahead and issued it anyway since I asked. They also told me they ...
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2 votes
1 answer
1k views

My fellowship income was reported in Box-7 of 1099-MISC. How do I report it?

I am a grad student, and am supported by a living stipend from a government supported fellowship program. The contracted company managing this program sent everyone MISC-1099 forms, and reported the ...
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3 votes
2 answers
323 views

Paying Off Student Debt Quickly

I'm 19 and transferred to a university. I left my community college with no debt. At my university due to my living situations I need to work full time. With that being said I have to have the vast ...
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1 vote
1 answer
96 views

Tax benefits for college expenses?

So this past year, I have held 2 jobs. One was a part-time job while going to school. Other was a tech summer internship. I am 22 years old, so my parents can claim me as a dependent. You can say my ...
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  • 331
2 votes
3 answers
1k views

Looking for Excel formula to calculate the benefit of making additional payments on a loan with interest daily compounded monthly

I'm looking to make extra payments to my student loans. I currently owe $30,000 at 5.25%. I pay $250 on the 15th of every month. My loans accrue interest daily that are then compounded monthly. I want ...
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  • 37
8 votes
1 answer
334 views

Are full-time students exempt from UK council tax if they're also employed full-time?

In October, I will start a PhD at a university in England, and will be classified by my institution as a full-time student. The nature of the funding for my PhD is such that I will concurrently be ...
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1 vote
0 answers
42 views

Manage Club Finances Digitally

I am an officer of an unofficial club made up of (mostly) college students. Currently we keep all of our money in cash and manage dues face-to-face and payments (for trips, etc.) on a case-by-case ...
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6 votes
4 answers
623 views

Does it make sense to compare the "returns" from debt payoff with long-term stock market investment returns?

I've been thinking long and hard about whether to pay off my student loans with the smaller interest rates as quickly as possible or just pay the minimums and start investing. After reading bunch of ...
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