Lesson Plan
Council for Economic Education

Preparing a 1040EZ Income Tax Form

For Teachers 9th - 12th Standards
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...
Lesson Plan
2
2
Federal Reserve Bank

Income Taxes

For Students 9th - 12th Standards
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...
Lesson Plan
Internal Revenue Service

Module 1: Payroll Taxes and Federal Income Tax Withholding

For Teachers 9th - 12th
Students complete lessons and worksheet to identify the different types and uses of payroll taxes. They examine how federal income taxes are used, determine the difference between gross and net pay, and determine how employers withhold...
Lesson Plan
Council for Economic Education

Tax Time Scavenger Hunt

For Teachers 9th - 12th Standards
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...
Lesson Plan
2
2
Federal Reserve Bank

“W” Is for Wages, W-4 and W-2

For Teachers 9th - 12th Standards
Don't let your young adults get lost in the alphabet soup of their paychecks and federal income taxes. Using sample pay stubs and reproductions of government forms, your class members will identify the purpose of such forms as a W-4 and...
Lesson Plan
Curated OER

Math Skills for Everyday: Filling Out Income Tax Forms

For Teachers Higher Ed
Students accurately assess their own income taxes using actual tax forms. They read and fill out the proper forms.
Lesson Plan
Visa

Financial Forces: Understanding Taxes and Inflation

For Teachers 9th - 12th Standards
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...
Lesson Plan
Curated OER

Federal Income Tax 1040EZ Worksheet Lesson

For Teachers 6th - 9th
Learners practice filling out the Federal Income Tax 1040EZ tax form.
Lesson Plan
Curated OER

Regressive Taxes

For Teachers 9th - 12th
Students explain that regressive taxes can have different effects on different income groups. They see how a regressive tax takes a larger share of income from low-income groups than from high-income groups.
Lesson Plan
1
1
Practical Money Skills

Making Money

For Teachers 6th - 12th
The first step in managing your money is making money! Learn about ways to find and interview for a job with a thorough instructional activity on personal finances. Kids learn about the ways to earn a paycheck and then manage the funds...
Activity
Curated OER

Advanced Math Budget Project

For Teachers 11th - 12th Standards
What financial situations and decisions await young learners after they graduate from high school? This project allows class members to glimpse into the types of responsibilities they will have as adults, from considering job...
Lesson Plan
Curated OER

Wealth

For Teachers 3rd
Third graders read the story The Day I Was Rich and learn about the role of money and taxes. In this money lesson plan, 3rd graders count large sums of money, group them, and give it away in the form of taxes. They discuss wealth and how...
Lesson Plan
Curated OER

Married Math

For Teachers 7th - 8th
Students participate in a two-week real-life math unit. In pairs, they calculate salaries, taxes, and a budget, plan a vacation, buy insurance, make a will, and design a room. They conduct Internet research to plan the vacation, and...
Worksheet
Curated OER

Budget Worksheet

For Students 10th - Higher Ed
In this student budget worksheet, students fill in their incomes as well as their individual payments per month to chart where their money goes each month.
Lesson Plan
Curated OER

Solving Problems Involving Percents

For Teachers 6th - 8th
In this math worksheet, students solve the problems that involve the percents. Then they apply the operations to the word problems.
Lesson Plan
Curated OER

Solving Problem Involving Percents- Practice Worksheet

For Teachers 8th - 10th
In this middle to high school math worksheet, students practice solving short work problems that involve percents. They solve 12 problems on the page.
Lesson Plan
Council for Economic Education

Econ Ed Link: Preparing a 1040 Ez Income Tax Form

For Teachers 9th - 10th
Many students in high school or in college have part time jobs and learn the concept of gross pay and net pay. Their employers take out taxes at the federal and state level. This lesson takes a common situation and helps students...
Website
Internal Revenue Service

Irs: Online Services and Tax Information for Individuals

For Students 9th - 10th
In a conversational tone, the IRS answers many of the questions an individual would have when filing income tax returns for the first time. Many features are helpful even to experienced taxpayers, e.g., an IRS withholding calculator, a...
Website
Wolters Kluwer

Small Business Guide: What Are Your Self Employment Taxes?

For Students 9th - 10th
CCH Business Owner's Toolkit answers questions about self-employment taxes because "even if you don't hire anyone else to help you run your business, you're always going to have at least one employee, and that would be yourself."
Website
Other

Aicpa: Taxes: u.s. Federal Government

For Students 9th - 10th
This resource contains links to federal tax information.
eBook
Internal Revenue Service

Irs: 1040 Ez [Pdf]

For Students 9th - 10th
This site provides help with as well as an explanation of the IRS tax form, 1040EZ.
eBook
Bankrate

Bankrate: Tax Basics, Choosing the Correct Form

For Students 9th - 10th
Description of the 3 forms, 1040EZ. 1040A and 1040. Explains who should use each form when filing taxes and why.

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