Poor College Student

Good morning. I started an internship a few weeks ago. We get paid on a 'stipend' and will receive a 1099 at the end of the year. I make 555$ a week over the course of 3 months.

I was wondering how to reduce the taxes I will have to pay as much as possible. The job is in my field of study (I am currently a dependant attending college). Also I have roughly an 80 mile round trip drive to work. I am a poor college student and would like to keep as much of my money as possible!

Thanks! Ryan


Hello Ryan,

Your email showed that you found me via my book, Self-employed Tax Solutions. I assume by your question that you have not yet read the book. In it there are explanations for hundreds of expenses, including when you can deduct business mileage. It also explains that about 1/3 of your income can go to taxes if you don't deduct expenses. Here's a jump-start to give you an idea To learn more about what you can deduct be sure to read Is it a deductible business expense? on my website .

Be poor no more. Read. Get information.
-- June