REAL WORLD
FINANCIAL TIPS
Published for the nancial success of Stanford University students.
March 2023, Tax Edition
Stipends, fellowships and school
supplies—what are the tax rules?
FREE WEBINARS!
Attend a free webinar to speak with a tax expert!
Taxes 101 for domestic graduate students
Taxes 101 for international graduate students
Speed up your tax refund!
All about the 1098-T
Saturday, March 11th at 10:00 am
Saturday, March 11th at 2:00 pm
Tax consultant Asha Kotra from Asha Tax &
Accounting Services (CPAs) will provide essential
information and tips on how graduate students
should submit or complete their taxes.
Tax consultant Asha Kotra from Asha Tax &
Accounting Services (CPAs) will provide essential
information and tips on how international graduate
students should submit or complete their taxes.
Did you know the IRS can direct deposit your tax refund into
your checking or savings account? Just give them your bank’s
routing number and your account number. It’s faster and safer
than mailing a check!
The 1098-T is a tuition statement that shows the total tuition
paid during a specic calendar year (January 1 thru December
31). The 1098-T is an important tax form because it includes
qualied tuition and related expenses like scholarships,
fellowships, and grants that were credited to your student
nancial account throughout the year.
You can use the 1098-T to see if you might be able to claim an
education tax credit like the American Opportunity Tax Credit
and the Lifetime Learning Credit.
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LEARN MORE
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FIND MORE TAX INFORMATION SPECIFIC TO
STANFORD UNIVERSITY ON YOUR STUDENT
SERVICES WEBSITE!
EXPLORE
Tax tips for undergrads, graduate and international students!
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Start building credit now for a secure nancial future
You’ve likely heard the horror stories of people who get in trouble with their credit cards or too much debt. Many Americans owe
more money than they earn in a year. It’s a scary thought, yes, but there’s a positive side to debt. Loans can help you buy a car or
house much sooner than if you tried to save enough money to purchase them on your own. And without credit history, you won’t
qualify for any loan. Even apartment managers will check your credit history before renting to you.
You should also begin monitoring your credit activity and score, which are used by lenders when they’re reviewing applications.
There are free online programs like Credit Karma where you can view your credit score. Stanford Federal Credit Union also
provides all members with their free FICO
®
Score quarterly through Online Banking and the mobile app. And all consumers can get
a free credit report annually to monitor your credit activity and history at annualcreditreport.com.
Now is the time to start building credit,
so when the time comes to apply for a needed
loan, you’ll qualify for the lowest rate and
highest loan amount:
Start with a credit card or retail store card
with a small credit limit.
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3.
Use the card for small purchases, and carry
a small balance.
Be sure to make the monthly payments in
full and on time—this will show lenders that
you can manage debt.
Invest in your future
Questions about nancial products and services?
Contact Juan Vargas, your Personal Banker
All tax information included here is intended for educational purposes and should not take the place of a professional tax advisor.
650.643.6422
jvarga[email protected]
schedule an appointment
LOOKING FOR MORE GREAT FINANCIAL
EDUCATION RESOURCES?
Check out Mind Over Money, your Stanford University
source for student nancial education! You’ll nd free
nancial coaching, workshops, and tools specically
designed for Stanford students.
LEARN MORE
Stanford Federal Credit Union | sfcu.org/students | 888.723.7328
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