Taxes
Taxes: Understanding Your Responsibility
Filing taxes can seem overwhelming, but understanding the basics is an essential part of becoming financially independent. This course introduces young adults to the purpose of taxes, how they are calculated, and what steps are required to file correctly. Participants will gain confidence in handling tax forms, knowing their responsibilities, and avoiding common mistakes.
Participants will learn how to:
Understand why taxes exist – How tax dollars support schools, roads, healthcare, and community services.
Recognize common types of taxes – Income tax, sales tax, property tax, and payroll deductions like Social Security and Medicare.
Read a paycheck – Breaking down withholdings, deductions, and net pay.
Identify required documents – W-2s, 1099s, and other forms needed to file taxes.
Complete a basic tax return – Understanding standard deductions, credits, and how to file either electronically or by mail.
Know when and how to file – Important deadlines, free filing resources, and when professional help may be needed.
Avoid common pitfalls – Missing deadlines, ignoring IRS notices, or underreporting income.
Plan ahead – Learning how taxes affect paychecks, refunds, and future financial planning.
By the end of this course, participants will see that taxes don’t have to be intimidating. They will leave with the knowledge and confidence to manage their own tax responsibilities, read pay stubs with clarity, and take proactive steps to stay compliant year after year.
