Tax Forms
Important
Tax Dates
Tax vocabulary
Payroll Deductions
Other (tax extensions and situations)
100

what tax form does an employer give an employee to report their yearly wages and taxes withheld?

what is a W-2?

100

this is the usual deadline for filing your federal income tax tax return.

What is April 15?

100

money earned from a job business or other source

what is income?

100

The money and employee takes home after paycheck deductions

What is net pay?

100

This gives a taxpayer more time to submit their federal tax return

What is a tax filing extension?

200

what form does a new employee fill out to tell their employer how much federal income tax to withhold from their paycheck?

What is form W-4?

200

when filing taxes in 2027 most people report income earned during this year.

What is 2026?

200

The total amount earned before taxes and other paycheck deductions

What is gross pay?

200

Federal income tax, Social Security, and Medicare taxes are examples of these

What are payroll tax withholdings?

200

this form can be used to correct certain mistakes on a previously filed federal individual tax return

What is form 1040 – X?

300

what is the main purpose of IRS form 1040?

To file an individuals federal income tax return.

300

if the federal filing deadline falls on a weekend or qualifying holiday it generally moves to this

What is the next business day?

300

income that remains subject to tax after applicable deductions

What is taxable income?

300

these two federal payroll taxes help fund retirement benefits and healthcare for eligible older adults

What are Social Security and Medicare taxes?

300

if you cannot afford to pay your full federal tax bill at once, you may request this arrangement from the IRS

What is an installment payment plan?

400

what floor might an independent contractor received to report payments from a business?

What is form 1099 – NEC?

400

this is the usual extended federal filing deadline for individual taxpayers who receive an extension

What is October 15

400

Unlike a tax deduction this directly reduces the amount of tax someone owes

What is tax credit?

400

if your gross pay is $800 and your total deductions are $160 this is your net pay

What is $640?

400

A teenager has a part-time job. Whether they get a tax refund depends partly on how much tax they owed compared to how much they paid.

What is their tax liability compared with their payments and withholding?

500

what is the difference between a W-2 and a W-4?

A W-2 reports an annual wages and taxes withheld and a W-4 tells an employer how to calculate federal income income tax withholding.

500

even if you receive a filing extension this is generally when you must pay the federal taxes you owe.

What is the original April tax deadline?

500

A tax system in which higher portions of income or tax at higher rates of income increases

What is a progressive tax system?

500

these paycheck deductions may pay for employer sponsored health insurance or retirement savings

What are employee benefit deductions?

500

A taxpayer gets an extension to file but does not pay the tax they owe by the original deadline. These may still be charged on the paid amount

What are penalties and interest?