Tax Task Cards - Federal Income Tax 1040 Activity
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Financial literacy is so fun to teach, and it's so important for high school students to learn to how manage their personal finances. Learning how to manage money through a consumer math class empowers students as they navigate bills, budgets, tipping at restaurants and interest rates. This bundle iPrice $34.00Original Price $68.00Save $34.00
Description
Filing income taxes can be intimidating! This personal finance activity teaches students how to file a federal income tax return that includes a Form 1040 and a Schedule 1. Students are given a W2 for a fictional person "William A. Pay" who works as a teacher and paid some student loan interest last year. He had also been unemployed for part of the year, taking his unemployment compensation untaxed. Will this lead to him owing taxes to the IRS?
**updated for April 2023 tax season** This activity will be updated every year.
Included in the download are: 20 task cards, blank checks, a W2, a student answer sheet, answer key and completed 1040 and Schedule 1.
The task cards included in this activity walk students through completing a 1040 and Schedule 1. The final product of this activity is a completed federal tax form 1040 and an answer sheet.
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