filing taxes

Who can file your taxes? (Pick 2)

• Tax Professional

• Manager at work

• Your teacher

• You

What do you need to file your 1040 form? (hint: choose 2 correct answers)

• Your W-2

• Your W-4

• Your prior year's tax return

• Social Security Number

Marie is single. Her adjusted gross income is 69,730. Use the chart to find her tax.

Gross pay and Net pay are the same thing.

• True

• False

Why is it important to be extremely careful when completing your 1040 form?

• Making even mone mistake on your federal taxes can result in your being convicted of a crime

• The 1040 form determines whether you owe additional taxes or are entitled to receive a refund from the government.

• Completing the 1040 incorrectly will mean the wrong amount of taxes will be withheld from your paychecks going forward

• Mistakes on your 1040 from make you ineligible for employment during the next year

Which is NOT a tax filing status that you can chose when filing your taxes?

• Single

• In a relationship

• Married

What is the name of the agency that collects taxes in the United States?

• Secret Service

• Federal Bureau of Investigation

• Internal Revenue Service (IRS)

True or False: If you take the itemized deduction on your federal taxes, you can still claim charitable deductions on line 12b of the 1040 Form.

• True

• False

It makes sense to itemize your tax deductions only when...

• You want to file your taxes before the April 15th deadline

• Itemizing will lead to a deduction greater than the standard deduction

• You make less than $30,000 per year

• You don't like paperwork

Gross pay and Net pay are the same thing.

• True

• False