Tax Forms
True/False
Deductions
Taxes
Income
100

What goes on line 1 of a W2 form?

Wages, tips, other compensation.

100

Can an individual file taxes online?

True.

100

What personal information do you need to bring with you or know to fill out tax info?

SSN, DOB, W2.

100

What was the purpose of taxes? Why were they created?

To pay for public, common, or agreed national needs.

100

Is all of your income subject to federal or state tax?

No. (Disability and Inheritances)

200

When should an employer send out a W2 to an employee?

January 31st.

200

1098T is a tax form students receive when filing taxes.

True.

200

What deductions can a student use when filing taxes?

1098T form deductions from the school institution, educational expenses.

200

Who pays taxes?

Any American whose gross income is over 12,400. (2020)

200

What do you do if you do not receive a W2 in the mail?

Contact your employer or your previous employer.

300

What tax form should you receive from your employer if you worked a traditional job in 2020?

W-2

300

There are multiple tax forms available.

True

300

How do you know how much money you made this year?

See your W2.

300

When is the last day to file taxes?

April 15th.

300

Double Jeopardy

Double Jeopardy

400

Name one other type of tax form an individual could receive.

1098T (School form). 1099 (Self-employed). W4. 1040.

400

A W2 form only shows the amount of federal income tax withheld by an employer?

False.

400

What could you do if you needed help filing taxes?

Use free services such as TurboTax.

400

List at least one place you can file taxes.

TurboTax, Jackson Hewitt, H&R Block, Liberty.

400

Can an individual get additional benefits for having a child? If so, how much?

Yes, under age 17. $2,000 per child.

500

List ways the IRS can get the tax return to you.

Mail, direct deposit, PO box.

500

Everyone is required to pay taxes.

False.

500

What is the standard deduction for single filing status for 2021?

12,550.

500

True or False. Can a parent claim a young adult up to age 18?

True

500

If you did not get your stimulus check for $600 by January 15th, what do you do?

Use a recovery rebate credit worksheet provided by the IRS through the tn.gov website.

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