Category: Taxes

Reading List for January 14-16

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Jan 14, 2022
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Checking Accounts, Economics, Investing, Taxes
Banking Another bank (Capital One) drops overdraft fees. Here is the latest on this topic. (NPR)   Economics December CPI was released on Wednesday and came in at 7% over the previous year. (AP) (CNBC) What will these inflation numbers mean for fed rate hikes? Here is the Goldman Sachs prediction. (CNBC) And what is the Fed’s take on inflation? Powell testified before Congress this week (CNBC), and Lael Brainard discussed inflation in her Senate confirmation hearing this week as...

Question of the Day: What is the deadline for filing your 2021 tax return?

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Jan 05, 2022
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Question of the Day, Taxes
Answer: April 18th, 2022 Questions: Just like schoolwork, why is it important to know the deadline to file your tax return? Can you file your tax return early? Why might you file BEFORE the deadline? Why do you think the IRS gives people a few months after the end of the tax year to file their tax return? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.   Behind the numbers (TurboTax) When are taxes due?2021 was an eventful year for...

NGPF's Best of 2021: Product Releases and Updates

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Dec 22, 2021
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Behavioral Finance, Taxes, Career, Math, Economics, Professional Development
Our best ideas come from you and the top 10 list below shows how we maintained our focus in 2021 to build products and services that you need. Several themes emerge from the list:  You like our commitment to continually update our resources as the Career and Taxes updates scoring high on the list. You challenged us to think of ways to incorporate personal finance across the curriculum so we built a new Financial Algebra course and added to our Economics resources. Thanks to your efforts...

NGPF's Best of 2021: Top Search Terms on NGPF Website in 2021

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Dec 21, 2021
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Taxes, Credit Cards, Budgeting, Insurance, Question of the Day
Click on the links below to see the results from the new and improved NGPF Search Tool. It's more comprehensive in its results and you will find the resources that you are looking for much faster too.  Taxes Bean Game Identity Theft Budgeting  Credit Insurance Question of the Day Retirement Fine Print Resume ---------------------- Other NGPF Best of 2021 Lists:  NGPF's Best of 2021: Most Visited Unit Pages NGPF's Best of 2021: FinCap Friday NGPF's Best of 2021: Arcade...

NGPF Best of 2021: Most Visited Unit Pages

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Dec 19, 2021
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Savings, Budgeting, Investing, Checking Accounts, Taxes, Credit Cards, Credit Scores, Career, Paying for College
Wondering what topics garner the most page views on the NGPF website? Taxes took the top spot this year dethroning Checking which held the top spot for several years. The curriculum team updates the taxes unit each year to reflect new tax tables and changes to the tax code. Here's the plan for 2022.  The Unit Pages are accessible by clicking these images on the home page: Why are these pages the most popular on the website?  Educators see all NGPF resources on a given topic (unit) on...

EdPuzzle: Should the U.S. Government Balance Its Budget?

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Dec 01, 2021
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EdPuzzle Thursday, Economics, Taxes
This week's EdPuzzle video from TwoCents titled "Should the U.S. Government Balance Its Budget?" discusses this important decision the U.S. government faces every year and highlights the useful tools of both fiscal and monetary policy.     Interested in more EdPuzzle videos? Visit our Video Library and type in "EdPuzzle" into the search bar at the top to view the rest of our EdPuzzle videos!  EdPuzzle is a great platform to test for knowledge while students watch a video and learn...

Reading List for September 24-26

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Sep 24, 2021
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Investing, Economics, Taxes, Student Loans, Retirement
Economics The debt ceiling looming over DC. (NYT-subscription may be required) (Look out for an EconExtra on this topic posting tomorrow-9/25) The Federal Open Market Committee met this week, keeping interest rates unchanged but signaling it may slow some of its support. (Yahoo Finance) (If you have an hour and want to watch the Powell press conference, it’s available on YouTube.) Housing market is calming down. (Yahoo Finance) Jobless Claims this week largely unchanged. (CNBC)  ...

What's New with Taxes (2021)

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Aug 07, 2021
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Taxes, Current Events
The pandemic continued to impact the collection and payment of taxes this year. Here are the highlights: The date taxes were due was moved out again this year, this time to May 17. (Most states followed this as well) The IRS had a huge backlog on tax processing, due to staffing issues as well as extra volume of work due to various relief efforts based on IRS data. One significant relief effort was the exclusion of up to $10,200 worth of unemployment benefits from taxable income. Another relief...

Interactive: Reading a Pay Stub

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Aug 04, 2021
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Interactive, Budgeting, Taxes
This interactive helps students understand their paystubs. It's simple, engaging, and can be used in a wide variety of classrooms. Here are a few ways students will engage with the interactive: Drag and drop activity using common paystub items and abbreviations. Analyze and interpret pay stubs. Calculate various prompts using pay stubs. Here are some discussion starters and activities you can use to follow up using the interactive: Why do you think businesses are responsible for subtracting...

Reading List for July 16-18

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Jul 16, 2021
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Advocacy, Personal Finance, Economics, Investing, Cryptocurrencies, Financial Scams, Taxes
Advocacy The state of states’ financial literacy efforts explained, and NGPF Bill tracker mentioned. (CNBC)   Personal Finance There are many myths floating around about what happens to a couple’s credit when they marry. This sets the record straight. (PRNewswire) Speaking of couples, the Fidelity 2021 Couples and Money Study was released and is full of interesting stats. Communication is key, (and maybe counseling would help?) The pandemic made people totally reevaluate...

Reading List for July 2-4

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Jul 02, 2021
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Cryptocurrencies, Economics, Financial Literacy, Investing, Taxes
Financial Literacy/Advocacy It is always nice to start off with a Financial Literacy win. Go Nebraska! (News Channel Nebraska)  Business, sports and entertainment leaders are jumping on the Financial Literacy Bandwagon by joining the “Financial Literacy For All” movement. (PRNewswire)    Economics Jobs report June 2021 was good news! June saw the largest increase in jobs since last August. For a summary, read CNBC. If you want the details, go to the BLS. Housing...

Reading List for June 11-13

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Jun 11, 2021
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Investing, Economics, Employment, Paying for College, Taxes, Advocacy
Investing “The Mystery of the $113 million Deli” provides insight into the mechanics of SPACs while resolving this mystery. (NYT-Sunday) Here is the CNBC article on adding I-Bonds to your portfolio (following one from the Wall Street Journal in last week’s list.) Inflation figures haven’t spooked the market as the S&P 500 hit a new record yesterday. (CNBC) Have you heard of the banking app “Dave?” It is backed by Mark Cuban and will go public via a SPAC....

Reading List for May 14-16

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May 14, 2021
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Taxes, Economics, Investing, Cryptocurrencies, Budgeting
The delayed tax deadline is Monday. So let’s start this week’s list with one on Taxes. 5 tax tasks to take care of by May 17 (Don't Mess With Taxes)   Economics Here are several articles discussing the Consumer Price Index jump in April. CNBC covers the basics and the NYT (I highly recommend reading anything by Jeanna Smialek) provides a bit more analysis. The WSJ discusses Fed Governor Waller’s comments on the number, and also discusses which components of the CPI may...

Question of the Day (Updated): What income level on tax returns is audited least frequently by the IRS?

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Apr 14, 2021
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Taxes, Question of the Day
Answer: $25,000-$50,000 income level are audited 0.40% of the time or 4 in 1000 tax returns  Questions: Why do you think the percentage of returns that get audited is so low? Explain your reasoning. Why do you think that taxpayers are so afraid of being audited? Is their fear warranted? Do you think that low audit rates can contribute to more taxpayers "cheating" on their tax returns? Why or why not?  Click here for the ready-to-go slides for this Question of the...

Reading List for March 26-28

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Mar 26, 2021
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Investing, Economics, Insurance, Taxes
Investing We are one year out from the stock market bottoming out. What has happened since then? (Irrelevant Investor) What is the bond market saying about inflation expectations? (NYT) Roblox IPO, like the company, was HUGE! (Investors.com). GMA aired a story today with warnings to parents about its dangers (surprise bills and bullying).   Economics New unemployment claims dropped below 700,000 for the first time since the start of the pandemic (CNBC), but payments to millions of...