Tax Forms
Key Vocab
Types of Taxes
The Tax Cycle
200

Tells how much you earned and how much you paid in taxes.

What is the W-2?

200

YTD

What is Year-To-Date?

200

Collected from homeowners based on the assessed value of the property, and are primarily assessed at a local level, rather than federally.

What is Property Tax

200

First day of the calendar year. Your earnings for the year begin on this date.

January 1

400

Determines your identity and worker eligibility. 

What is the I-9?

400

The total amount a worker is paid before any required or voluntary deductions are made.

What is Gross Income?

400

Collected at the point of purchase of goods and services.

What is a sales tax?

400

Last day of the calendar year. Your earnings for the year are final after this date.

December 31

600

Determines how much money gets taken out of each paycheck

What is a W-4?

600

The amount a person receives when one cash or deposits his check. It is the remaining amount after deductions are made.

What is Net income?

600

Direct tax levied by a state on your income.

What is a state income tax?

600

Deadline for filing federal and state income returns that have received extensions.

October 15