Still, some feel nervous about doing the "real thing". The idea that my students aren't getting their tax refunds because the process is so confusing really bothers me.
Nevermind that wage theft is a major issue anyway, lots of people are leaving even more money on the table because of how confusing our tax code is. It's not right.
During our income taxes unit, we learn how to file a federal 1040 tax return to move past the paperwork intimidation. I want my students to be comfortable filing their taxes so that they get the money back that they are owed.
Even figuring out Turbo Tax was enough to deter one student from getting his tax refund two years in a row! He was owed close to $1,000 by the time we did his federal and state returns for both years.
It is important to me to teach my students how to file their taxes with a 1040. This way they are empowered to get their refunds without paying anyone to do their taxes for them. My students deserve to get their money back.
Here is a 1040 video tutorial that walks through filling out a 1040 tax form for a dependent. It covers the needed forms, the information that goes on each line of the 1040, and how to use the 1040 cheat sheet.
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| Consumer Math Activities Bundle |
I think all kids should know at least the basics about paying taxes, balancing a checkbook, finding sale prices and tips, so I made a set of Consumer Math activities that teach these skills.
>> You can download the 1040 cheat sheet for free here. It's been updated for the April 2024 tax season.
I also have a new, printable consumer math curriculum available.
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Got it! Thank you!
ReplyDeleteThank you so much
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