Income Taxes

A tax is a non-voluntary payment to the federal, state, or local government to support its operations.  Taxes are applicable to most individuals and take a variety of forms, some of the most common being taxes on income, purchases, property, capital gains, inheritance, and gifts.  But governments also offer tax deductions and credits, which individuals can take advantage of to offset their tax burdens substantially.

The information provided on this website is not intended to be used in preparing your tax return.  Its purpose is to provide you with an overview of how your income tax is determined, and to help you find answers to the questions most commonly asked by students.

“The hardest thing in the world to understand is the income tax.”

-Albert Einstein

• Do I need to file?
• What taxes are associated with earnings?
• Scholarships and Fellowships
• Tax deductions
• Tax credits versus tax deductions
• Filling your taxes