AI Technology Investing. Bubble or Opportunity Lesson

In this lesson, students will learn about AI technology and its transformative impact on personal finance. Understand the skyrocketing growth of AI companies, the potential for an AI bubble, and the importance of investment diversification and comprehensive financial planning.

This lesson offers a compelling and accessible exploration of the impact of AI technology on the stock market. Seamlessly blending fundamental investment principles, contemporary market analysis, historical context, and practical financial advice, the lesson demystifies complex financial concepts, encouraging students to critically engage with current market trends. Its balanced viewpoint and engaging tone ensure that students not only gain knowledge, but also learn to approach financial decision-making with caution and discipline. With its relevance to today’s financial landscape and its emphasis on long-term, diversified investment strategies, this lesson is an excellent resource for fostering financial literacy in the classroom.

CONCEPTS

Use this video lesson on the topic of investing and the stock market. Learn related concepts of:

  • Investing Principles
  • Risk Management
  • Financial Planning
  • Economic Indicators
  • Long-term Financial Strategy
  • Diversification Strategy

GRADE LEVEL

8-12th grades. Middle School. High School. College. Adult Education.

TIME REQUIRED

45-60 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.

AI Technology Investing. Bubble or Opportunity?

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

 

Lesson Plan: Understanding AI Technology in Personal Finance

Objective:

By the end of this lesson, students should be able to understand the implications of investing in AI technology, understand the concept of market bubbles, and how these concepts fit into a broader personal finance strategy.

Materials:

  • Video titled “AI Technology Investing. Bubble or Opportunity?”
  • Whiteboard or projector for visual aids
  • Handouts for activities

Lesson Procedure:

1. Introduction (10 minutes)

Begin the lesson by introducing the topic of the day: AI Technology in personal finance. Discuss briefly what AI is and its growing role in the world economy. Mention some companies that are leading in AI technology (e.g., Nvidia, Meta Platforms, Microsoft, and Alphabet).

2. Watch the Video (20 minutes)

Play the video titled “AI Technology Investing. Bubble or Opportunity?” for the class. Encourage students to take notes on key points.

3. Discussion (15 minutes)

Ask students the following discussion questions:

  • What is the current trend in the stock market concerning AI technology companies?
  • How does the growth of AI companies compare with the rest of the market?
  • What is a market bubble, and why might people be concerned that AI technology investing is a bubble?
  • What is the strategy suggested in the video to avoid the risk of a potential AI bubble?
  • What other sectors should investors consider to stay diversified?

4. Activity: Diversification Strategy (10 minutes)

Split the class into small groups and have each group develop a sample diversified investment portfolio. The portfolio should include AI companies but also consider other sectors mentioned in the video. Each group will present their portfolio to the class and explain their rationale.

5. Quiz (5 minutes)

Distribute a short quiz to test student understanding of the video content.

6. Conclusion (2 minutes)

Summarize key takeaways from the lesson. Remind students of the importance of diversification in investing and staying informed about market trends.

Homework:

Ask students to watch the news or read articles about current AI companies and their performance in the market for a week. They should write a one-page reflection on whether they believe AI technology is a bubble or an opportunity, providing reasons for their view.

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How to Read a Credit Card Statement Lesson

In this lesson, students will learn about understanding their credit card statements, using a comprehensive guide covering various aspects, including billing cycles and interest charges. They will learn to efficiently manage their finances, ensuring punctual payments, and maintaining a favorable credit score.

CONCEPTS

Use this video lesson on the topic of credit card statements. Learn related concepts of:

  • Money Management
  • Credit and Debt
  • Risk Management
  • Financial Decision Making
  • Consumer Rights and Responsibilities

GRADE LEVEL

8-12th grades. Middle School. High School. College. Adult Education.

TIME REQUIRED

45-60 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.

How to Read a Credit Card Statement

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

 

Lesson Plan: Understanding Your Credit Card Statement


Objectives:

  • Students will understand the main components of a credit card statement.
  • Students will learn how to identify unauthorized charges.
  • Students will gain an understanding of the importance of paying off credit card balances.
  • Students will understand how credit card rewards work.

Materials:

Video “How to Read a Credit Card Statement,” projector or smartboard, handouts with examples of credit card statements, pens, and paper for notes and quiz.

Introduction (15 minutes)

Ask students about their understanding of credit cards and credit card statements. Have them share their thoughts and experiences. Introduce the video and the objectives of the lesson.

Video Viewing (10 minutes)

Show the video “How to Read a Credit Card Statement.”

Discussion (15 minutes)

Ask students to discuss what they learned from the video. Prompts might include:

  • What is a credit card statement?
  • What are the main parts of a credit card statement?
  • What is the significance of the billing cycle and payment due date?
  • How does interest work on a credit card, and how can you avoid paying it?
  • What are credit card rewards and how do they work?

Encourage students to share any surprises or new understandings from the video.

Activity (20 minutes)

Distribute the handouts with the example credit card statements. Have students work in pairs or small groups to analyze the statements. They should identify the key parts of the statement and discuss any errors or unusual transactions. Ask students to discuss how they might use this information to manage their finances and credit cards effectively.

Quiz (20 minutes)

Ask students to complete the quiz individually to reinforce their learning.

Conclusion (10 minutes)

Review the key concepts covered in the lesson, focusing on the importance of understanding credit card statements for maintaining healthy financial habits. Invite students to share one thing they learned and will use in managing their own finances.

Homework

Ask students to bring in their own (or a parent’s) anonymized credit card statement for the next class, where they will use their newfound knowledge to analyze and understand it.

Evaluation

Student understanding will be assessed through discussion participation, group activity, and quiz performance.

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Saving Money When You are Broke Lesson

In this lesson, students will learn eight important steps for saving money. They will learn how to save money by assessing their financial situation, creating a budget, cutting expenses, prioritizing paying off high-interest debt, building an emergency fund, looking for additional income sources, automating their savings, and staying committed and accountable to their goals.

CONCEPTS

Use this video lesson on the topic of budgeting and saving money. Learn related concepts of:

  • Assessing finances
  • Creating a budget
  • Cutting expenses
  • Prioritizing debt
  • Building an emergency fund
  • Finding income sources
  • Automating savings
  • Goal setting

GRADE LEVEL

8-12th grades. Middle School. High School. Adult Education.

TIME REQUIRED

45-60 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.

How to Save Money When You are Broke

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

Additional Resources

See our additional resources on banking:

 

Lesson Plan: Saving Money When You Are Broke

Objectives:

  • Students will learn the importance of budgeting and saving money, even when their income is limited.
  • Students will learn strategies for cutting expenses and paying off debt.
  • Students will learn how to build an emergency fund and look for additional income sources.
  • Students will be able to create a budget and develop a plan to save money.

Materials:

  • Video: “How to Save Money When You Are Broke”
  • Whiteboard and markers
  • Handout: Budget Worksheets
  • Quiz: “Saving Money When You Are Broke” (see below).

Introduction:

Ask students if they have ever felt broke or struggled with money management. Introduce the video and explain that it will provide tips and strategies for saving money when you are broke. Encourage students to take notes during the video and ask questions at the end.

Video:

Play the video “How to Save Money when You Are Broke.” After the video, ask students what they learned and what strategies they found most helpful.  se the whiteboard to write down key concepts and strategies discussed in the video.

Discussion Questions:

  • Why is it important to have a budget?
  • How can you prioritize paying off debt?
  • What are some strategies for cutting expenses?
  • Why is it important to have an emergency fund?
  • How can you look for additional income sources?

Activities:

Budgeting Worksheet: Provide students with a handout that includes a budgeting worksheet. Have students fill out the worksheet using their own expenses and income. Then, have them identify areas where they can cut back and allocate money towards savings and debt payments.

Group Activity: Divide students into groups and assign each group a scenario, such as a single parent with one child, a college student with a part-time job, or a recent graduate with student loan debt. Have each group create a budget and a plan to save money based on their scenario.

Personal Reflection: Have students write a personal reflection on their current financial situation and what steps they can take to improve it. Encourage them to be specific and set goals for saving and debt reduction.

Quiz:

Distribute the quiz “Saving Money When You Are Broke” to students. The quiz should include multiple choice answer questions based on the video and class discussions. The quiz should assess students’ understanding of key concepts and strategies for saving money when you are broke.

Conclusion:

Review key concepts and strategies discussed in the video. Encourage students to continue to budget, save, and seek out additional income sources. Provide resources for financial education and counseling, such as the website mentioned in the video. Thank students for their participation and encourage them to apply what they have learned to their own lives.

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Understanding Different Types of Bank Accounts Lesson

In this lesson students will learn learn how to choose a bank account. A beginner’s guide to the different types of bank accounts, including checking accounts, savings accounts, money market accounts, and CDs. Including their unique features, advantages, and limitations to help them make an informed decision about which account is best for their financial goals.

CONCEPTS

Use this video lesson on the topic of bank accounts. Learn related concepts of:

  • Banking
  • Checking accounts
  • Savings accounts
  • Money Markets
  • Certificates of deposits or CDs

GRADE LEVEL

8-12th grades. Middle School. High School. Adult Education.

TIME REQUIRED

45-60 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.

Understanding Different Types of Bank Accounts

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

Additional Resources

See our additional resources on banking:

 

Lesson Plan: Understanding Different Types of Bank Accounts


Objective: By the end of this lesson, students will be able to differentiate between different types of bank accounts and their features and benefits, and make informed decisions about which account is best for them.


Materials:

  • Video: Understanding different types of bank accounts
  • Whiteboard or blackboard and markers
  • Handout: Types of Bank Accounts
  • Quiz: Understanding different types of bank accounts


Procedure:

Introduction: Begin by asking students if they have a bank account and what type of account it is. Ask if they know the different types of bank accounts available.

Video: Play the video “Understanding different types of bank accounts” for the class.

Discussion: Use the whiteboard or blackboard to list the four types of bank accounts discussed in the video: checking accounts, savings accounts, money market accounts, and certificates of deposit (CDs). Discuss each type of account and its features and benefits, using the handout as a reference. Encourage students to ask questions and share their own experiences with different types of accounts.

Comparison: Ask students to compare and contrast the different types of accounts. What are the similarities and differences? Which accounts are best for short-term savings, long-term savings, or day-to-day transactions? Which accounts offer the highest interest rates? Which accounts have the most fees?

Decision-making: Ask students to consider their own financial goals and needs, and to choose the account that best suits them. What are their priorities? Do they need easy access to their money, or are they willing to lock it away for a higher interest rate? Have students share their decisions with the class and explain their reasoning.

Quiz: Distribute the quiz to students to assess their understanding of the material covered in the lesson.

Assessment: The quiz will be used to assess students’ understanding of the different types of bank accounts and their features and benefits. Students who score at least 80% on the quiz will be considered to have mastered the material.

 

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How to Use an ATM Lesson

In this lesson students will learn how to use and withdraw money from an ATM.

CONCEPTS

Use this video lesson on the topic of how to use an ATM. Learn related concepts of:

  • Banking
  • Checking accounts
  • Debit Card
  • Deposit/Withdrawal
  • Overdraft fee

GRADE LEVEL

9-12th grades. High School. Adult Education.

TIME REQUIRED

45-60 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.

How to Use an ATM

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

Additional Resources

See our additional resources on banking:

 

Lesson Plan: How to Use an ATM

Objective: By the end of this lesson, students will be able to confidently and safely use an ATM to withdraw cash and check their account balance.

Materials:

  • The video “How to Use an ATM”
  • An ATM machine (if available)
  • Paper and pens/pencils for note-taking
  • Discussion questions and quiz (provided below)

 

Introduction (5 minutes):

Greet the class and introduce the topic of using an ATM. Ask students if they have ever used an ATM before and what their experience was like. Explain the objective of the lesson and the importance of knowing how to use an ATM.

Video (10 minutes):

Show the video “How to Use an ATM”. Ask students to take notes on the steps outlined in the video. After the video, review the steps with the class and answer any questions they may have.


Discussion (10 minutes):

Ask the following discussion questions to the class:

  • Why is it important to use an ATM in a well-lit, busy area?
  • Why should you cover the keypad with your hand or another object while entering your PIN?
  • What should you do if you enter your PIN incorrectly too many times?
  • What are some of the different transactions you can complete at an ATM?
  • Why is it important to make sure you have enough money in your account before withdrawing cash?
  • Encourage students to share their own experiences and opinions on using ATMs.


Activity (15 minutes):

Divide the class into pairs or small groups. Provide each group with a hypothetical scenario in which they need to use an ATM (e.g. “You need to withdraw $50 for a concert ticket, but you only have $40 in your account. What do you do?”) Ask each group to work together to come up with a solution to the scenario, using the steps outlined in the video. After 10 minutes, ask each group to share their solution with the class and discuss any similarities or differences between their approaches.


Quiz (10 minutes):

Provide each student with a copy of the quiz. Give the class 10 minutes to complete the quiz. Review the answers with the class and discuss any questions they may have.


Conclusion (5 minutes):

Summarize the main points of the lesson. Encourage students to practice using an ATM in a safe and secure environment. Thank the class for participating and answer any final questions.

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How to Fill Out an IRS W-4 Form Lesson

In this lesson students will learn how to fill out a W-4 form (W4), an important document for your employment paperwork. You’ll learn about the different sections of the form, such as personal information, dependents and other credits, and adjustments to your tax withholding, as well as the importance of updating it when your tax situation changes.

CONCEPTS

Use this video lesson on the topic of understanding the IRS W-4 form. Learn basic tax and related concepts of:

  • IRS W-4 Form
  • Tax Withholding
  • Personal Information
  • Filing Status
  • Dependents and Credits
  • Paycheck Taxes
  • Tax Return
  • Income Tax
  • Deductions

GRADE LEVEL

9-12th grades. High School. Adult Education.

TIME REQUIRED

45-60 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.

How to Fill Out an IRS W-4 Form

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:

 

Lesson Plan: How to Fill Out an IRS W-4 Form


Objectives:

  • Students will be able to understand the purpose and importance of the IRS W-4 form.
  • Students will be able to accurately fill out an IRS W-4 form.
  • Students will be able to identify situations where they need to update their W-4 form.

Materials:

  • Video: “How to Fill Out an IRS W-4 Form”
  • Sample W-4 form (link below see “Lesson Resources”)
  • Pen or pencil


Procedure:

Introduction (10 minutes):

Ask students if they have ever heard of an IRS W-4 form and what they know about it. Introduce the video, “How to Fill Out an IRS W-4 Form,” and explain that it will cover the purpose and importance of the form, as well as how to fill it out accurately.

Video Viewing (10 minutes):

Play the video, “How to Fill Out an IRS W-4 Form,” for the class. As the video plays, ask students to take notes on the different sections of the form and any instructions or tips provided.

Discussion and Activity (30 minutes):

After the video, lead a discussion on the purpose and importance of the W-4 form, as well as the different sections covered in the video. Distribute a sample W-4 form to each student and have them practice filling it out using the information provided in the video. Walk around the classroom and provide assistance as needed.

Once students have completed their W-4 form, pair them up with a partner and have them review each other’s forms to ensure accuracy. As a class, discuss any areas where students may have had difficulty or questions.

Quiz (10 minutes):

Distribute a quiz based on the video, consisting of multiple choice questions. Review the answers as a class to reinforce the concepts covered in the video.

Conclusion (5 minutes):

Summarize the purpose and importance of the W-4 form. Emphasize the importance of updating the form whenever tax situations change.

Assessment:

  • Accuracy of completed W-4 form
  • Participation in class discussion and activity
  • Quiz results


Discussion Questions:

What is the purpose of the IRS W-4 form?

Why is it important to accurately fill out the W-4 form?

What are the different sections of the W-4 form and what information is required in each section?

When should you update your W-4 form?

What happens if you do not update your W-4 form when your tax situation changes?

Activities:

  • Have students research and present on a tax-related topic, such as deductions, credits, or tax brackets.
  • Have students compare and contrast the W-4 form with other tax forms, such as the W-2 or 1099 form.
  • Have students analyze and interpret their own pay stub to understand how taxes are withheld from their paycheck.

 

Lesson Resources

How to Fill Out an IRS W-4 Form

  • Page includes link to IRS W-4 form

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What is Car Insurance Lesson

In this lesson students will learn learn the basics of car insurance, including what it is, why you need it, and common car insurance terminology. We cover different types of car insurance coverage, factors affecting insurance premiums, and optional coverages.

CONCEPTS

Use this video lesson on the topic of understanding car insurance. Learn basic insurance and related concepts of:

  • Car insurance premium
  • Deductible
  • Coverage limit
  • Claim
  • Policy
  • Liability coverage
  • Collision coverage
  • Comprehensive coverage
  • Uninsured/Underinsured Motorist Coverage

GRADE LEVEL

9-12th grades. High School. Adult Education.

TIME REQUIRED

25-35 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.

What is Car Insurance?

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

Additional Resources

See our additional resources on insurance:

 

Lesson Plan: Understanding Car Insurance

Objective:
Students will understand the basics of car insurance, including its definition, types of coverage, and factors affecting premiums.

Materials Needed:

  • Video: “What is Car Insurance? How does it work?”
  • Whiteboard and markers
  • Handouts with key terms and discussion questions
  • Computer or tablet for research

Introduction:

Begin by asking students if they have ever heard of car insurance and what they know about it.

Share with students that car insurance is a legal requirement in most states and it helps protect drivers financially in case of an accident.

Video and Discussion:

Show the video “What is Car Insurance? How does it work?” to the class. After the video, ask students to share what they learned and to define the key terms mentioned in the video, such as premium, deductible, coverage limit, claim, and policy.

Discuss the importance of each type of coverage, including liability, collision, comprehensive, personal injury protection, and uninsured/underinsured motorist coverage.

Ask students to give examples of scenarios where each type of coverage might be necessary. Discuss the factors that affect car insurance premiums, including age and gender, driving history, type of vehicle, coverage limits and deductibles, and location.

Activities:

Divide students into small groups and give each group a scenario, such as a car accident or car theft. Ask students to research and determine which type of coverage would be necessary and how it would protect the driver financially. Ask students to create a chart or graph that shows the average car insurance premiums for different age groups, genders, and types of vehicles.

Have students create a presentation that explains the basics of car insurance to a group of new drivers.

Conclusion:

Review the key terms and types of coverage discussed in the lesson. Ask students to share one thing they learned about car insurance that they didn’t know before the lesson.

Remind students that car insurance is a legal requirement and it’s important to have the right coverage to protect them financially in case of an accident.

Lesson Resource

What is Car Insurance? How does it Work?

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Career Exploration Project

A research-based activity that aims to develop college and career readiness skills, including research, communication, and critical thinking, where students will explore a chosen career and present their findings in an interactive and creative way.

Grade level: 9th Grade

Learning Objectives:

  • Students will research a chosen career and identify its description, salary, job requirements, and job availability.
  • Students will demonstrate their knowledge of the chosen career through an interactive presentation.
  • Students will develop college and career readiness skills, including research, communication, and critical thinking.

Teaching Strategies and Materials:

  • Introduction: The teacher will introduce the project and provide examples of different career options. The teacher will emphasize the importance of researching careers and identifying their specific requirements and benefits.
  • Research: The teacher will provide resources for students to research their chosen career, such as online databases or books from the library. Students will take notes and gather information about the career, including its job description, salary, job requirements, and job availability.
  • Presentation: Students will create an interactive presentation showcasing their chosen career. They can choose between creating a PowerPoint presentation, a brochure, or a poster board. The presentation must include visuals, data, and a detailed explanation of the career information they have gathered.
  • Peer Review: Students will present their projects to their classmates and provide feedback on each other’s presentations. The teacher will provide evaluation criteria to ensure that students cover all required aspects of the career exploration project.
  • Evaluation: The teacher will assess the students’ understanding of the chosen career by evaluating their projects and participation in the peer review session.

Assessment Strategies:

  • The teacher will use a rubric to evaluate each student’s presentation, including the accuracy and detail of the career information, the quality of the visual aids, and the overall effectiveness of the presentation.
  • Students will also be assessed on their participation in the peer review session, including their ability to provide constructive feedback on their classmates’ projects.

Accommodations for Diverse Learners:

  • Students with disabilities or learning differences will receive accommodations based on their individual needs, such as providing extra time for research or simplifying the presentation format.
  • English language learners will have access to bilingual resources and assistance from the teacher or a bilingual tutor.

Lesson Outline:

Introduction

  • Explain the purpose of the project and provide examples of different careers.
  • Emphasize the importance of researching careers and identifying their specific requirements and benefits.

Research

  • Provide resources for students to research their chosen career, such as online databases or books from the library.
  • Students will take notes and gather information about the career, including its job description, salary, job requirements, and job availability.

Presentation

  • Students will create an interactive presentation showcasing their chosen career.
  • The presentation must include visuals, data, and a detailed explanation of the career information they have gathered.
  • Students can choose between creating a PowerPoint presentation, a brochure, or a poster board.

Peer Review

  • Students will present their projects to their classmates and provide feedback on each other’s presentations.
  • The teacher will provide evaluation criteria to ensure that students cover all required aspects of the career exploration project.

Evaluation

  • The teacher will assess the students’ understanding of the chosen career by evaluating their projects and participation in the peer review session.

Expected Outcomes:

  • Students will develop an understanding of different career options and their requirements and benefits.
  • Students will develop college and career readiness skills, including research, communication, and critical thinking.
  • Students will present their findings in an interactive and creative way.
  • Students will receive feedback from their peers and the teacher on their projects.
  • Students will demonstrate mastery of the learning objectives through their presentations and participation in the project.




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How to File a Tax Extension Lesson

In this lesson students will learn how to file a tax extension to get some extra time to prepare for their taxes. Includes instructions on how to file IRS Form 4868 and tips to use the extension wisely.

CONCEPTS

Use this video lesson on the topic of understanding the IRS W-2 form. Learn basic tax and related concepts of:

  • Tax extension process
  • Reasons for extension
  • IRS Form 4868
  • Submitting the form
  • Confirmation from IRS
  • Deadline and penalties

GRADE LEVEL

9-12th grades. High School. Adult Education.

TIME REQUIRED

25-35 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.

How to File a Tax Extension

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:

 

Lesson Plan: How to File a Tax Extension

Objective:

By the end of this lesson, students will be able to understand the process of filing for a tax extension and be able to complete IRS Form 4868.

Materials:

  • “How to File Tax Extension” video
  • IRS Form 4868
  • Pen or pencil

Procedure:

Begin the lesson by asking students if they know what a tax extension is and why someone might need to file for one. Encourage a brief class discussion to gauge prior knowledge.

Introduce the video “How to File Tax Extension” and explain that students will be watching and taking notes on the steps to complete IRS Form 4868. Play the video for the class.

After the video, distribute copies of IRS Form 4868 and provide time for students to fill out the form based on the instructions from the video. Walk around the room to provide support and answer any questions students may have.

Once students have completed the form, have them check their work with a partner or in small groups. Collect the completed forms from students and briefly review them to ensure understanding.

Conclude the lesson by reviewing the key points from the video and summarizing the process of filing for a tax extension. Encourage students to seek out additional resources or consult with a tax professional if they have any questions or concerns.

Assessment:

The completed IRS Form 4868 can serve as a formative assessment of student understanding. You can also ask students to share what they learned from the video or to write a short reflection on the process of filing for a tax extension.

How to File a Tax Extension

How to File a Tax Extension

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How to Read Your W-2 Tax Form Lesson

In this lesson students will learn about the W-2 tax form from the IRS, which is an important document required for filing your taxes that you receive from your employer. We will understand the different boxes and sections of the W-2 form that provide information about your earnings and taxes withheld by your employer during the previous year.

CONCEPTS

Use this video lesson on the topic of understanding the IRS W-2 form. Learn basic tax and related concepts of:

  • W-2 form
  • IRS tax form
  • Tax filing
  • Taxable income
  • Withholding taxes
  • Social Security tax
  • Medicare tax
  • Federal income tax
  • Employer identification number
  • Tips reporting
  • Dependent care benefits
  • Deferred compensation income
  • State and local income tax

GRADE LEVEL

9-12th grades. High School. Adult Education.

TIME REQUIRED

25-35 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.

How to Read Your W-2 Tax Form

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:

 

Lesson Plan: How to Read the W-2 Tax Form


Subject: Personal Finance/Taxation

Grade Level: High School

Objective: Students will be able to identify and understand the different boxes and information provided in the W-2 tax form.

Materials:

  • Video: “How to Read the W-2 Tax Form”
  • Copies of a sample W-2 tax form for each student
  • Pen/pencil


Procedure:

Introduction (5 minutes):
Begin by asking students if they have ever received a W-2 tax form. Discuss the purpose of the W-2 and why it’s important to understand it.

Video (10 minutes):
Show the video “How to Read the W-2 Tax Form” to the class.

Review of W-2 Form (20 minutes):
Distribute a sample W-2 tax form to each student. Go over each box and the information provided in it. Allow students to ask questions as you go over each box.

Practice (15 minutes):
Ask students to work in pairs and identify the information in each box of the W-2 form. Encourage them to discuss the meaning of each box and how it relates to their own income.

Quiz (10 minutes):
Distribute a multiple-choice quiz on the W-2 tax form to each student. Students will answer questions based on the information learned in the video and review.

Conclusion (5 minutes):
Review the quiz results with the class and address any questions or concerns. Remind students of the importance of understanding the W-2 tax form and its impact on filing taxes.

Assessment:
Students will be assessed through their participation in the practice activity and quiz.

Extension:
For an extension activity, have students research and compare different tax forms such as 1099 and 1040. Have them identify the differences in the forms and what types of income they are used for.

 

How to Read Your W-2 Tax Form

How to Read the W-2 Tax Form

 

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