Taxes
It's never too early to start thinking about filing your taxes! While Personal Finance @ Duke does not offer individual appointments to assist with filing taxes, please explore our page and the various resources highlighted as you prepare to navigate the tax filing process.
Remember, as you look through sites outside of the Internal Revenue Service, be wary of scams and potential threats for identity theft. Don't be fooled by someone pretending to be with the IRS. If the IRS needs to contact you, they will do so in very specific ways.
TAX UPDATE FOR GRADUATE STUDENTS- In December 2019, the government passed the SECURE act which broadened opportunities to pursue several federal tax savings...
Most notably, graduate student fellowship income can now be invested in Individual Retirement Accounts (IRA). IRA contributions can be made with pre-tax dollars. 529 plans, a type of savings account designed specifically for qualified education expenses with federal, and in some cases state tax-breaks, can now be used to pay up to $10,000 of student loan debt. To read more about the SECURE act and changes that may impact your federal tax savings, check out these articles:
https://www.congress.gov/bill/116th-congress/house-bill/1994/text#H66D90BAD51284D10AF3D82E76A1A0F9C
https://www.investopedia.com/what-is-secure-act-how-affect-retirement-4692743
IMPORTANT NOTE: The information provided to you on this page is limited in scope, does not imply endorsement, and should not be your only resource for completing your tax returns. We recommend you seek advice from a licensed tax professional.