Tax Time on Planet College.

Tax Time. It's coming. Just like everyone else student's have to pay. Federal, State and sometimes even local. Planet College, like the real world, is often about the money. OK. Where are your W-2s? They are the statement you get from your 2007 employer(s) showing how much money you made. They also show how much was taken to be applied to your income taxes. This part is called withholding. You will need your w-4's to file your income tax. You also need the form to file with it. There are several different kinds. If this is confusing or you are new to filing your own taxes it might be wise to get help. Sometimes campuses have help centers for student's filing income tax returns. It is a good idea to start now and collect all the paperwork you will need to complete your taxes. Remember to save your paperwork in a file folder. You can also save it in a large sturdy envelope. Mark it "Taxes 2007". Hang on to it. Sometimes this information is necessary to complete your financial aid file.