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 … Continue reading How to Fill Out an IRS W-4 Form Lesson
Welcome to our page on taxes! We believe that understanding how taxes work and how to manage them is a crucial aspect of financial literacy. Our resources are designed to provide a comprehensive understanding of taxes, including income tax, sales tax, and property tax. Whether you’re a teacher, parent, or financial educator, our collection of lesson plans, worksheets, and activities will equip you with the tools you need to teach these critical skills and empower students to become responsible taxpayers. From understanding deductions to filing a tax return, our materials will help students navigate the complex world of taxes and make informed decisions about their finances.
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 … Continue reading How to File a Tax Extension Lesson
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 … Continue reading How to Read Your W-2 Tax Form Lesson
Tax Tips to Help Save Money
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 … Continue reading Tax Tips to Help Save Money
Introduction to Taxes | Why Do We Pay?
A playful, educational animated video that makes learning about taxes easy and fun for beginners. Students get a grasp on the fundamentals of taxes and take the first steps towards understanding why we pay taxes with this entertaining and informative lesson. This educational video lesson covers the basics of taxes, how taxes help our communities, … Continue reading Introduction to Taxes | Why Do We Pay?
How to do Taxes – Tax Filing Guide for Beginners Lesson
A lesson on the basics of how to file taxes if you are new to the process or unsure of what to do. Topics include tax preparation, necessary documents, tax deductions, tax credits, and tax return filing status. CONCEPTS Use this video lesson on the topic of taxes. Learn basic tax and related concepts of … Continue reading How to do Taxes – Tax Filing Guide for Beginners Lesson
How to Fill out Form 1040 for 2022 Taxes Lesson
In this lesson, students will learn how to properly complete the 2022 IRS Form 1040 for the 2023 tax season. The lesson includes a video tutorial with step-by-step instructions and a comprehensive lesson plan to provide a thorough understanding of the process. CONCEPTS Use this video lesson on the topic of filling out the 1040 … Continue reading How to Fill out Form 1040 for 2022 Taxes Lesson
Getting Ready for Taxes: Documents you Need
The first step towards filing your tax return is to gather all the documents that you will need. Here, students learn what documents, paperwork, and receipts are needed to file your income tax return. It is a checklist of documents for completing IRS form 1040 Income tax. Learn to prepare and organize your tax documents, … Continue reading Getting Ready for Taxes: Documents you Need
Taxes: Voluntary Compliance
The student will learn about the reasons for paying taxes. Teaching Objectives: Recognize the moral and ethical reasons for paying taxes. Explain the legal and financial consequences of failing to pay taxes. Standard 2: The student will identify and describe the impact of local, state, and federal taxes upon income and standard of living. Suggested … Continue reading Taxes: Voluntary Compliance
Taxes: Somebody Has To Pay
The student will learn about paying taxes. Teaching Objectives: Differentiate between “ability to pay” and “benefits received” tax theories. Explain the differences between progressive and regressive taxes. Identify the role of public goods and services. Evaluate the costs and benefits of public goods and services. Standard 2: The student will identify and describe the impact … Continue reading Taxes: Somebody Has To Pay