Tax Form
This is an amount a taxpayer may deduct from their income; the amount is based on their filing status, their age, and whether or not they are blind.
What is a standard deduction?
When everyone pays the same tax rate regardless of income.
What is a flat tax?
Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming all have what in common
What are states with no state income tax?
The IRS suggests doing this to get your refund faster
What is e-filing?
Your income after adjustments have been made.
What is Adjusted Gross Income (AGI)?
Form employers send to employees to communicate their earnings and taxes withheld for the year.
What is a W-2?
The form of taxpayer ID you must have to claim the Earned Income Credit
What is a Social Security Number (SSN)?
This famous scientist apparently did not understand taxes
Who is Albert Einstein?
The day of the week the 2025 tax filing deadline falls on.
What is Wednesday?
These get subtracted from the amount of tax you owe while these get subtracted your income
What are credits and deductions?
Some taxpayer have one of these instead of a SSN
What is an ITIN?
Tax Day
What is April 15?
Gangster thrown into prison for tax evasion.
Who is Al Capone?
This tool on the IRS website, also called the payment checkup, can estimate if a taxpayer will owe or get a refund.
What is the Tax Withholding Estimator?
Property taxes, Medical Expenses, Gambling losses, Charitable Contributions, Real Estate taxes, Interest Expenses, and Moving Expense are types of these
What are Itemized Deductions
Two higher education credits.
What are the American Opportunity Tax credit and the Lifetime Learning Credit?
The filing statuses available to married people.
What are Married Filing Jointly and Married Filing Separately?
People authorized to appear before the IRS on behalf of their clients.
Who are CPAs, EAs, and Tax Attorneys? (any one of the three is acceptable).
Taxpayer can use IRS website to see if they qualify for this credit, usually given to taxpayers with low-moderate earned income.
What is the Earned Income Credit (EIC)?
This type of credit gets you a refund up to the amount of tax you owe and this type of credit gets you a refund even if its over the tax you owe.
What are nonrefundable and refundable credits?
The form taxpayers use to split their refund.
What is form 8888
The percentage taxed for Social Security.
What is 6.2%
What is 501c3?
What is the Internal Revenue Service?
If a taxpayer is blind and/or over the age of 65 he or she's what get increased?
What is standard deduction?