Taxes and Tax Benefits

Description

If you earn money, spend money, or save money, you have to pay taxes. If the money you save earns money, you have to pay taxes on that, too. This program explains the essentials of taxes, helping students to become well-informed about both earned and investment income taxes, workplace tax benefits, and filing an annual return. It covers paycheck deductions, the W-2 and W-4 forms, guidelines for using the 1040-EZ form, and tax breaks such as exemptions, deductions, and credits. Compelling graphical breakdowns urge young viewers to pay into a 401(k) plan, even if they'd prefer to spend that money now. Highlights include a demonstration of how large even a modest 401(k) contribution can grow over 30 years, and when to itemize deductions.

Runtime

32 min

Series

Subjects

Genre

Date of Publication

[2011], c2011

Database

Films on Demand

Direct Link

Similar Films

Treating and Preventing Osteoporosis
Supermarket Shopping
Holding back the years? Race to slow the aging process
Breaking the Wall Between Body and Mind
Living longer..living better?
Depression. Not a normal part of aging
How the Body Ages. Central Nervous System, The Senses, and Emotions. Part 2
Preflight Checklist. It's Your Money-Financial Flight School
Nutrition pathways. Adulthood & aging. Lifecycle. Lesson 21
Kings Point
Late-life depression
Journey to health. Mind, body, spirit. Aging: health across the lifespan. Lesson 23
Horizon. Don't grow old. [Season 46, Episode 11]
I am Dekel. Portrait of a life with down's syndrome
Adult ADHD. Regaining Focus