Filing taxes and navigating the complexities of the tax code can be overwhelming. In this video, we’ll share some tips to help you make the most of filing your tax return.

Using this as a warm-up or lesson starter is an effective way to engage students in a practical and relevant topic that directly affects their lives. By starting a lesson with tax tips, teachers can help students understand the importance of financial planning and budgeting, as well as how to take advantage of tax savings opportunities. This can help students develop important financial skills, make more informed financial decisions, and become more financially responsible. Overall, tax tips can be a great way to help introduce the concept of financial responsibility and improve students’ financial literacy.

CONCEPTS

Use this video lesson on the topic of tax tips. Learn basic tax and related concepts of

• Taxes
• Tracking Finances
• Tax Deductions

GRADE LEVEL

9-12th grades

TIME REQUIRED

15-25 Minutes. It may be necessary to adjust the lesson plan and allocate more or less time to certain topics, depending on the needs and interests of the students.

PROCEDURE

Hand out the worksheet below (see the GET LESSON button near the bottom of the page).

Show students the video and have and have them complete the worksheet.  Review the questions on the worksheet.  A more comprehensive and detailed lesson plan can be accessed below for further instruction and study.

Top Tax Tips to Help Save Money & Maximize your Refund

After watching the video, have students tell what the most important things they learned from the video.

Additional Resources

See our additional resources on taxes:

• Paying Taxes lessons

 

Lesson Plan: Tips for Tax Season

Objective:

Students will learn important tips for tax season to ensure they file their taxes accurately, claim all deductions and credits, and avoid common mistakes and penalties.

Materials:

• Computer or mobile device for watching the video
• Pen and paper for note-taking

Introduction:

Greet students and introduce the topic of tax season.

Explain that tax season can be confusing and stressful, but with the right tips and tools, it can be manageable and even stress-free.

Introduce the video as a comprehensive guide to navigating the tax season with ease.

Body:

Play the video “Tax Tips to Help Save Money”

After the video, allow time for students to ask questions and clarify any concepts covered in the video.

Provide a summary of the key points covered in the video:

• Keep accurate records
• Understand tax deductions
• File on time
• Use tax software
• Seek professional help if necessary

Conclusion:

Review the importance of following these tips to ensure a successful tax season.

Encourage students to take action and implement these tips when filing their taxes.

Offer additional resources or opportunities for students to seek help if they need it.

Assessment:

Provide a short quiz to assess students’ understanding of the key points covered in the video.

Allow time for students to review their quiz results and ask any questions they may have.

By presenting the lesson as a video, students can easily follow along with the tips and concepts covered in the lesson. Additionally, the video can be used as a resource for students to refer back to when they are filing their taxes.

 

Money Instructor does not provide tax, legal or accounting advice. This material has been prepared for educational and informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors regarding your own situation. Although the information has been researched and vetted beforehand, it may not be current at the time of viewing.