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What is Renest?
Renest is a specialized tax preparation service designed to help students save money on taxes throughout the year, not just during tax season. It focuses on identifying and maximizing tax benefits available to students, such as deductions for education-related expenses like rent, based on state and federal laws including section 529. The service guides users through a simple setup process, records necessary information in the same calendar year to qualify for benefits, and prepares all required paperwork for tax filing.
Founded by Thomas Lloyd, a former PhD student, and Thomas "Mo" Zheng, a former corporate financial advisor, Renest aims to bring sophisticated tax strategies from boardrooms to classrooms. The service guarantees a higher tax benefit than users would receive without it, with payment only required when taxes are filed and the maximum benefit is achieved. It offers flexibility for users to file taxes with Renest or use the prepared paperwork with another tax filing service.
Features
- Tax Benefit Identification: Identifies and maximizes tax benefits available to students based on state and federal laws
- Year-Round Service: Helps students save money on taxes throughout the year, not just during tax season
- Paperwork Preparation: Prepares all necessary paperwork for tax filing, including deductions for education-related expenses
- Flexible Filing: Allows users to file taxes with the service or use prepared paperwork with another tax filing company
- Guaranteed Benefit: Guarantees a higher tax benefit than users would receive without the service
Use Cases
- Maximizing tax refunds for students with education-related expenses
- Preparing tax paperwork for students to qualify for state and federal benefits
- Assisting international students with complex tax situations in the US
- Helping recent graduates optimize their tax filings
- Budgeting and financial planning for students paying for education
