SBM19
New Member

Independent grad student with no income

I am a 26 year old grad student who lives entirely on student loans for living expenses. You aren't allowed to work in this program so room and board is built into the loan amount. Previously I always filed taxes because I worked up until starting this program, and last year was the first time I filed taxes with no income.

 

My question is, since I have no income do I need to file taxes this year? From what I could tell I shouldn't have to because of the income, but because of some other details I am not sure. I receive Virginia medicaid for my health insurance, and I don't know if next year that will be impacted if I don't file taxes. I also have some stocks/bonds, etc in a robo investor from back when I was employed. It is about $2000 and I haven't taken any money from that account but I do have those as investments and I'm sure that things have been bought/sold through their algorithm last year. Other than that I have a little interest from high-yield savings account, especially from when the bulk of my refund comes in.

 

So that is my financial situation overall. Last year I did file taxes, but with no income I wound up paying just to file the form that includes investments and such. As a student with a tight upcoming expenses I'd rather not have to pay to file if I don't need to. Since I'm not making any income, I think without those other things I would definitely not have to file if I understand correctly. I am just not sure whether these impact it or not, so any help would be greatly appreciated