Tax Forms
The entity responsible for filling out a W-2, assuming the person is not self-employed
Who is an employer?
April 15th
What is the filing deadline?
The company that collects taxes, abbreviated as IRS
What is the Internal Revenue Service?
Payroll deductions are a broad category that encompasses all of this
What is money taken out of your paycheck?
Money that you pay for federal and state services.
What are taxes?
The form an employee fills out and submits to their employer as soon as they begin working for the employer
What is a W-4?
Generally three years after the refund deadline
What is the last chance to claim a refund on an unfilled return?
In this process, subtract money from your paycheck for taxes.
What is withholding?
The program paid for by tax payers to assist retired, disabled, and other eligible citizens
What is social security?
The use of illegal means to avoid paying taxes
What is tax evasion?
The form you submit to the government to file your tax return
What is a 1040?
This begins in late January
What is IRS filing season?
What is FICA?
25 cents per dollar taxed is used to support this.
What is health care?
The maximum age a dependent can be if they are a full time student
What is 24?
Employers must send this form by January 31st
What is a W2
What cycle aligns with the tax year?
What is a calendar year?
Tax brackets are not flat, but rather this type of rate that increases with the amount of money you earn
What is progressive?
The amount of money self-employed people have deducted from their gross pay
What is $0?
If you earn a paycheck, even if it is below the minimum required, you should still file this tax document
What is a 1040?
The part of a W4 that allows you to request to withhold more money
What is W4 step 4c?
October 15th
What is the extended filing deadline?
What are a refund or a balance due?
The approximate number of cents per taxed dollar spent on national defense
What is 13 cents?
The maximum gross income a person can make to qualify as a dependent relative (as of 2025)
What is $5,200