April 18th was Tax Day, so how many of us were on the ball in e-filing our own taxes?

Answer: About 61%

Questions:

• What do you think are the pros/cons of preparing your own tax return? 
• Do you hope to be able to file your own tax returns in the future? Why or why not?
  • If you have already filed your own tax returns, how would you describe the process you went through to make this happen? 
• What are resources that you can use to answer questions you have about filing tax returns?
• If you use a tax preparer (accountant), do you think it's still important to understand details about your tax return? 

Here are the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (efile.com): 

So far for 2021 Returns filed and e-filed in 2022, the IRS has issued around 52 million refunds as of March 8, 2022. Around $171 billion has been issued for an average refund amount of $3,305. Around 50 million of these refunds were sent via direct deposit. Additionally, of all e-filed returns, roughly 51% of those were self-prepared returns by individual taxpayers.

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About the Author

Ryan Wood

Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.