Can I also submit a tax return as a student and is it worth it?
December 30, 2023 | 30,00 EUR | answered by Wolfgang Stricker
Dear tax advisor,
my name is Quentin Kaiser and I am currently a student in the final semester of my bachelor's degree. I have heard that even as a student, one can file a tax return, but I am unsure if it is worth it in my case. So far, I have only worked minimally during my studies and have not earned any significant income. Nevertheless, I wonder if there are potentially tax-relevant expenses that I could claim.
I am not sure if I have to pay taxes as a student and what documents I would need for a tax return. Therefore, I am reaching out to you with the question of whether it would be worthwhile for me to file a tax return and what benefits I could gain from it.
Furthermore, I am interested to know if there are any tax advantages that I have not yet taken advantage of and how I could potentially benefit from them. I am considering whether I could possibly get money back through a tax return or if there are other ways to optimize my tax situation.
Could you please provide me with information on whether it is advisable for a student to file a tax return and what steps I would need to take for this? I would greatly appreciate your help and advice on this matter.
Sincerely,
Quentin Kaiser
Dear Mr. Kaiser,
Thank you for your inquiry regarding filing a tax return as a student. It is indeed correct that under certain circumstances, students may be required to file a tax return or even benefit from tax advantages. I will be happy to explain to you in more detail how filing a tax return could be beneficial for you and what steps you would need to take.
As a student with minimal income, you are generally not obligated to pay taxes. However, it may still be worthwhile to file a tax return in order to potentially benefit from tax advantages such as tax refunds or tax benefits. For example, you could claim expenses for specialized literature, tuition fees, work materials, or travel costs to the university for tax purposes.
In order to file a tax return as a student, you typically need the following documents:
- Your income tax certificates or certificates of other income
- Evidence of your expenses, such as receipts or invoices
- Certificates of paid tuition fees or other educational aids
- If applicable, your student ID number and enrollment certificates
In your situation, it could therefore be advantageous to file a tax return in order to utilize potential tax advantages and possibly receive a tax refund. As a tax advisor, I can help you determine the relevant expenses and correctly fill out the tax return to optimize your tax situation.
It is entirely possible that you could receive money back through filing a tax return as a student, especially if you had high expenses related to your studies. I am happy to assist you in exploring these possibilities and improving your tax situation.
If you have any further questions or need assistance with preparing your tax return, please feel free to contact me. Don't hesitate to reach out to schedule a consultation.
I hope this information has been helpful to you, and I am available to assist you with any further questions.
Best regards,
Wolfgang Stricker
Tax Advisor
