Definitions
The required contributions to the federal and state revenue, levied by the government on personal income and business profits or added to the cost of some goods, services, and transactions.
What are Taxes?
This is the filing deadline for taxes annually
What is April 15.
What is Financial Aid
Driving for Uber or Lyft
What is Self-Employment Income
Not paying your taxes can lead to this criminal charge:
What is Tax Evasion
Your employer takes this money out of your paycheck and pays it to the government on your behalf at the end of the year.
What are Withholdings
If you are self-employed or an independent contractor, and filing Form 1099, use this form to withhold taxes
What is Form W-9
Taxes help fund public safety through:
What are state and local police
Grandma's surprise $20 birthday present to you.
Not reportable income because it's a gift!
This organization will help you, your family, and your friends file your taxes for free!
What is VITA
Use this tax form if you're an independent contractor, like a driver for Uber.
What is Form 1099
If you are a Form W-2 Employee, you use this form to withhold taxes
What is Form W-4
Taxes help fund keeping our country safe through
What is national defense
The $2000 you made over the summer working as a camp counselor
Reportable as Wages
If you make under this amount and are a Form W-2 employee, you don't have to report your income to the IRS (but you may still want to!).
What is $10,000
Use this tax form if you have an employer, like if you are a waitress at a restaurant.
What is Form W-2
The more of these you have, the less money you have to withhold on your W-4
What is Withholding Allowances
Taxes help make schools available to every child by funding:
What is public education
Swapping out babysitting gigs with your neighbor; you take care of their younger siblings one weekend, and in exchange, they take care of yours the following weekend.
Not reportable as income
These folks may help you prepare your taxes, but be careful, there's a substantial amount of fraud among them!
What are Independent Tax Preparers.
Use this form to file your annual tax return
What is Form 1040
If you file your taxes late, you'll have to pay these
Interest and Penalties
Taxes help fund healthcare, community services, and social workers by funding:
What are social services
While waitressing at Busboys and Poets, someone gave you $10 on top of the bill, for excellent service.
Reportable as Tips and Gratuities
What's your favorite part about filing a tax return?
What is getting that money!!!!!