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Video instructions and help with filling out and completing do you get money back from 1098-t

Instructions and Help about do you get money back from 1098-t

Music hi I'm Tara from turbo tax preparing for final exams can be tough but doing your taxes doesn't have to be here are some smart tips to get your taxes done painlessly this year Music did you know that with TurboTax you can import slips like your t4 and your t2202a from school directly from the CRA into your tax return you'll save a ton of time and you don't have to worry about typos or missed amounts to import your tax return you're gonna need to have your CRA my account setup setting up a Siri my account is easy all you need is some basic personal info and your social insurance number to sign up online via the CRA s official website do it soon and you'll be ahead of the game come tax time Music if you are a student last year to your tax return might look a little bit different this year than it did last year the good news story for students this year is that the tuition amount isn't limited to just college and university students anymore it now includes occupational skills and other types of training that were previously considered your school will send you a t2202a slip a TL 11 a slip or pryou with an official tax receipt if you're eligible for the tuition amount unfortunately the education and textbook amounts were eliminated for the 2021 tax year but if you had unused amounts from last year's return you can and should still carry them forward and use them on your 2021 return another popular credit for students is the public transit amount although this credit has also been discontinued you can still claim the monthly passes you bought for travel between January and June of 2021 you don't need to submit your receipts when you submit your return but you do need to keep them for your records in case the CRA asked to see them later did you use a student loan to help pay for school while you can't deduct student loan payments from your tax return you can deduct the interest on eligible student loans every little bit helps right and if you move more than forty kilometres to be closer to school you might be able to claim your moving expenses you can only get this deduction by applying it against the tax tree required to pay on scholarships bursaries fellowships prizes and research grants moving expenses can include a lot of different things like travel to your new place and the cost of updating your driver's license so tracking down all those receipts could really pay off and if you're like most students you're not making a lot of money because school is your big focus so choose a free tax solution this year and saved your money for some more important things the TurboTax Online Free Edition includes everything you need to file your taxes and it's 100% free of.