Federal Reserve Bank
Income Taxes
Most adults dread April 15 — tax day! Tax preparation can be intimidating even for adults. Build confidence by leading individuals through the process and then give them a scenario to practice. The exercise uses tax vocabulary to give...
Curated OER
Completing Simple Tax Forms
Twelfth graders practice filling out IRS 1040 EZ forms. They discuss various ways people pay taxes. They assess the importance of W-2 forms and apply skills using the IRS tax table to compute how much money is owed or returned.
Curated OER
Tax Jeopardy
Create a glossary of tax-related vocabulary and clip New York Times articles that present tax procedure in action, in preparation for participating in a tax quiz bowl. Young economists explore allegations that "Survivor" Richard Hatch...
Curated OER
Proportional Taxes
Students are able to define and give an example of a proportional tax and the impact that it can have on different income groups and explain how a proportional tax takes the same percentage from all tax groups.
Council for Economic Education
Preparing a 1040EZ Income Tax Form
Some of us never feel like we know how to do our taxes! Help scholars understand the process early by using an informative resource. They fill out their own tax forms in a simulation activity and view multiple resources to learn even...
Visa
Nothing But Net: Understanding Your Take Home Pay
Introduce your young adults to the important understanding that the money they receive from their paychecks is a net amount as a result of deductions from taxes. Other topics covered include federal, state, Medicare and social...
Visa
Financial Forces: Understanding Taxes and Inflation
Take the opportunity to offer your young adults some important financial wisdom on the way taxes and inflation will affect their lives in the future. Through discussion and review of different real-world scenarios provided...
Curated OER
Paying Taxes for Chores Lesson
Students examine the concept of paying taxes with a chores theme.
Curated OER
Taxes in U.S. History: Tax Reform in the 1960s and 1980s
Students explain the content, purpose, and impact of the Tax Reform Acts of 1969 and 1986.
Council for Economic Education
Tax Time Scavenger Hunt
Is a 1040EZ tax form really easy? Scholars investigate the complexities of the United States taxation system with an economics instructional activity. Using a wide variety of web sources, they interpret IRS taxation rules and regulations...
Curated OER
Preparing a 1040EZ Income Tax Form
What do you do at the end of the year when your W2 arrives? File a tax form! Show learners how they to can fill out a basic 1040EZ tax form and play their part as tax paying citizens. Monetary denominations are provided for filling out...
Curated OER
Fairness in Taxes: Progressive Taxes
High schoolers define and give an example of a progressive tax. They explain how a progressive tax takes a larger share of income from high-income groups than from low-income groups. They examine taxation in other countries.
Curated OER
Your Role as a Taxpayer: Why Pay Taxes?
Students evaluate the basic rationale, nature, and consequences fo taxes. They describe why governments need taxes as revenue to provide goods and servicesin this series of activities.
Curated OER
Taxes
Fourth graders read Stone Fax and explore earning money, saving, credit and taxes. In this taxes lesson, 4th graders complete a worksheet to develop understanding of paying off debts, keeping a checkbook, calculating sales tax and...
Internal Revenue Service
Fairness in Taxes: How Taxes Affect Us
Students are able to compare the effects of the following, using income as a measure of ability to pay: a progressive tax, a regressive tas, and a proportional tax. They explain how a mixture of regressive and progressive taxes could...
Curated OER
Taxes in U.S. History: The Social Security Act of 1935
Students explain the history of the Social Security Act and the FICA tax. They describe what Social Security is and whom it is intended to help. They explain the purpose of the FICA tax.
Curated OER
Micro Economics - Personal Budgeting
Students explore the real world as it relates to money and how people use it. In this money management lesson, students jump into the real world as they role play with money through spending, saving, being married, single, having...
Curated OER
Are Taxes "Normal?"
Learners explore the concept of normal distribution. In this normal distribution lesson, students find the normal distribution of taxes in the 50 US states. Learners make histograms, frequency tables, and find the mean and median of tax...
Curated OER
How Taxing are Taxes?
Students explore the ways that taxes are levied based on taxable income. They analyze how a new series of tax cuts might affect people of different income levels and their tax rates.
iCivics
Taxation
A paycheck stub can offer loads of information on the taxes American citizens pay. This resource not only includes analysis of a stub as an activity, but also provides a wealth of informative reading material on such topics as the...
Curated OER
Reading A Pay Stub
High schoolers complete the included activity sheet related to reading a pay stub and calculating deductions. Once the activity sheet has been checked, students demonstrate their knowledge of the vocabulary associated with the lesson...
Curated OER
Labor, Choice, and Sales Tax
Students consider the idea of earning and spending money. In this money management lesson plan, students discuss the concept of saving and spending money through the reading of a story and by completing several activities that involve...
Curated OER
Taxes
Fourth graders explore the concept of taxes and gather relevant information to become a tax 'expert. For this taxes lesson, 4th graders work in teams to find information regarding different areas in taxes. Students work together to...
Curated OER
Fairness in Taxes
Students identify and describe two criterion of tax fairness: benefits received and the ability to pay and distinguish between wealth and income as measures of ability to pay.