Taxes

Front

The form you get from your employer that allows you to see your income and taxes withheld

Back

W2

Front

The form you would use if you are filing taxes.

Back

1040

Front

The form you would receive if you did contract work for a business but you are not a regular employee.

Back

1099

Front

Someone who is:
-Under 19 years old (or 24 if a full-time college student)
-Parents or guardians still pay for at least 50% of your expenses

Back

Dependent

Front

Health Insurance, 401K contributions and taxes are all examples of

Back

Deductions

Front

What the amount of taxes withheld is based on

Back

Taxable Income

Front

If you paid more than what the IRS thinks you owe in taxes, you have a

Back

Refund

Front

If you paid $3999 in federal taxes and the IRS says you should have paid $2500, what happens?

Back

You have a refund of $1499

Front

If you paid $2500 in federal taxes and the IRS says you should have paid $3999, what happens?

Back

You have a tax bill of $1499

Front

Taxes are due on this date, unless that date falls on a Sunday. Options: January 15th, April 15th, May 15th, July 15th

Back

April 15th