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College students and parents should be cautious when filing taxes, as mistakes can lead to complications.
It is important for students to understand their dependency status and education tax credit options.
Students should ensure they have all necessary tax forms from multiple jobs and their college portal before filing.
Additionally, residency requirements for claiming in-state tuition should be considered, and students may need to file their own return even if claimed as a dependent.
Checking the rules for dependent filing and understanding 529 account benefits are crucial steps in the tax filing process.
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