Tax Rules
The total amount a minor can earn, without having pay taxes.
What is $13,850?
This is the term for those that are claimed on taxes.
What is dependents?
This Chicago Mobster was eventually arrested, not for murder or theft, but for tax evasion.
Who is Al Capone?
By 2017, this percentage of US tax returns were electronically filed.
What is 87%?
Name 1 tax return service agency.
H&R Block
TurboTax
Tax Act
Jackson Hewitt
The amount of money a minor can make before having to file taxes.
What is $1,250?
This is the term used for all of your income, including wages and benefits.
What is AGI (Adjusted Gross Income)?
In England, there is currently a tax that a homeowner must pay to receive a license to use this common household item.
What is a TV?
This is the date taxes need to be filed by.
What is April 15?
This is a tax break for qualifying college students.
What is The American Opportunity Tax Credit?
Name 1 reason why you should file your taxes.
Tax Evasion is illegal
Get money back
Helps when applying for financial aid
The amount the IRS lets you subtract from your income to reflect all the people who count on your income.
What are exemptions?
The first property tax in the US, started in this year.
What is 1798?
In 2016, this tax company made $3 billion in revenue.
What is H&R Block?
This is filled out by your employer to document your earnings for the year.
What is a W-2 Form?
The amount of times you must file every year.
What is once a year?
This method enables taxes to be taken out of your wages, as you earn it, and before you receive your paycheck.
What is withholding?
The first income tax was started during this war to help fund it.
What is the Civil War?
You receive one of these forms if you paid interest on a student loan.
What is a 1098?
Most states get the bulk of their revenue from this regressive tax source.
What is sales tax?
True or False: A working spouse can be claimed as a dependent on your taxes?
What is False?
This is the most common tax form utilized for those who are not claiming dependents, earned under $100,000, and do not itemize deductions.
What is 1040-EZ?
In 2016, the average tax refund was this amount.
What is $2,750?
The deadline to receive your W-2 Form.
What is January 31st?
This is the form that you fill out for your employer to determine how much to withhold from your paycheck.
What is a W-4 Form?