How to cut your taxes, at the last minute

How to cut your taxes, at the last minute

Assessment

Interactive Video

Life Skills, Business

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses strategies for reducing taxes for last-minute filers. It covers contributing to an Individual Retirement Account (IRA), a Health Savings Account (HSA), and a Flexible Spending Account (FSA) to lower taxable income. The video explains the benefits and contribution limits for each account type and provides tips for maximizing tax savings, even if you procrastinated throughout the year.

Read more

5 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

What can you contribute to in order to cut last year's taxes?

Evaluate responses using AI:

OFF

2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the tax deadline for contributing to an IRA for last year?

Evaluate responses using AI:

OFF

3.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the contribution limits for a health savings account (HSA) for single and married filers?

Evaluate responses using AI:

OFF

4.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the 'use it or lose it' rule in relation to flexible spending accounts (FSA)?

Evaluate responses using AI:

OFF

5.

OPEN ENDED QUESTION

3 mins • 1 pt

What types of expenses can be reimbursed from an FSA?

Evaluate responses using AI:

OFF