Tax Returns
What month do you need to file your taxes by each year?
What is April
What is the name of the government bureau that is responsible for processing your tax returns
The IRS
I am received every time you start a new job.
I determine whether you are eligible to work in the United States.
You will need a passport or license to complete me
What am I?
I am an I-9 form
True or False: MaineCare is funded, at least in part, through taxes
True. MaineCare is funded by the federal and state government.
Name an app you can use to send money to a friend using your phone
Answers may vary
What is one reason why you should file your taxes?
1. May get money returned
2. Continue to fund programs everyone benefits from
3. Avoid paying penalties in the future
Name one online tax software
TurboTax
I am due by April 15th
You can fill me out using Turbo Tax or you can do it yourself
I report your salary, wages, taxable interest, any investments and any other income
I am a 1040 form
True or False: YouthBuild is funded in part by taxpayers
True
What is one way to file your taxes?
1. Hire an accountant
2. Use an online tax software
3. Fill out IRS form 1040
According to most taxpayers, what is the main benefit to filing your taxes early?
You may get your tax refund earlier
You will receive me if you are a freelancer or self employed, or earn stipends.
I am a 1099-NEC form
Roads are privately funded, true or false.
False. Roads are funded primarly with State and Federal taxes.
True or False: You can spend as much as you want when you have a credit card. There are no limits
False
In most places how often are tax returns filed?
Once a year
If you are a minor and make less than $14,600, do you have to file?
No, but if you've been working a job and taxes have been taken out, it may be worth it to file
You fill me out every time you start a new job
What you write on me determines how much your employer withholds in taxes
I am a W-4
If you don't meet this requirement, you may not need to file.
What is Income Threshold: If you earn less than the standard deduction ($14,600 for single filers), you generally won’t owe federal income tax.
True or False: You need to enter a 4-digit pin when using your debit card
True
What is this year's deadline for filing taxes?
April 15th
True or False: A taxpayer's spouse can be claimed as a dependent
False. Only a child, stepchild, brother, sister, or parent.
You will receive me from your employer
You need me in order to file your taxes
I am a W-2
True or False: Your YouthBuild stipend is never subject to taxes
FALSE! While we don't take taxes out of your check, when you file, you do need to report the income.