Tax Forms and Information

What tax form do you fill out when you get hired on at a new job?

• W-2

• W-4

• WD40

• 1040EZ

When is tax season?

• September-December

• July-October

• November-March

• January-April

What do credits do in regards to your taxes?

• Credits add taxable amounts on to your income.

• Credits directly reduce the amount of taxes you owe.

• Credits give you cash immediately when you file them.

• Credits take away all federal withholdings from your taxes.

What form does your employer give you at the beginning of tax season?

• 1040

• 1099W

• W-2

• Credit Card

What tax form can you get from you college or university?

• 1098-T

• WD40

• 1865-F

• 625-B

What do deductions do in regards to your taxes?

• Deductions multiply the amount of pay by 6 each paycheck you get.

• Deductions are found by dividing your gross income by your net income.

• Deductions are another word for fines.

• Deductions reduce the income that you actually have to pay taxes on.

Why do you fill out a 1040 or a 1040EZ?

• To let the tax professional know you are serious.

• To make sure that you have correctly filed your taxes.

• To report all of your credits and deductions on your taxes.

• To give your employer your tax information.

What does IRS stand for?

• Intergalactic Reporting Station

• Internal Revenue Service

• International Rescue Supplies

• Imaginary Radiation Seeker

What are some examples of taxes that can be withheld on your paycheck?

• Federal income tax, social security tax, medicare tax

• Insurance tax, chicken tax, and horses tax

• Health wind tax, local charity tax, state tax

• Sales tax, technology tax, paper tax

How can you file your taxes?

• Through the school

• Through your church

• Through a tax agent or online.

• Through your doctor