April: Understanding Taxes

The Jump$tart Coalition Education Committee designed 12 monthly principles that align with the National Standards in K-12 Personal Finance Education to keep financial literacy a priority year-round.

It’s April so you know what that means: Taxes. Our principle this month addresses understanding taxes and — particularly income and employment taxes. Check out our Facebook Live replay with a special guest from Intuit.

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Tips

Tips

Organize

Good organization may not cut your taxes. But there are other rewards, and some of them are financial.

Itemize

It’s easier to take the standard deduction, but you may save if you itemize, especially if you are self-employed, own a home or live in a high-tax area.

Pay on Time

If you can’t finish your return on time, make sure you file by April 15, 2019, form 4868, which gives you a six-month extension of the filing deadline.