Category: Taxes

Teacher Tip -- CALCULATE: Completing a 1040

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Mar 21, 2019
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Taxes, Activity, Tips for Teachers, NGPF Fellows
Due to the Tax Cuts and Jobs Act of 2017, no one can complete the 1040EZ anymore. We're all doing the 1040 this year. NGPF Fellow Amanda Volz explains how she uses this essential NGPF resource CALCULATE: Completing a 1040 in her classroom. BONUS: This activity is available in Spanish, too, and if you haven't reviewed the resource lately, we've added a new 5th scenario! Watch for some great tips on how to implement this activity in your classroom.   For all of NGPF's tax resources,...

Teacher Tip -- COMPARE: Tax Forms & Their Purpose

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Mar 17, 2019
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Taxes, Teaching Strategies, Tips for Teachers, Activity, NGPF Fellows
To accompany our newly released lessons on taxes, NGPF Fellow Amanda Volz explains how she uses this popular NGPF resource COMPARE: Tax Forms & Their Purpose in her classroom. Watch for some great tips on how to implement and modify this resource so that it can best fit the needs of your classroom!   For all of NGPF's tax resources, fully updated for 2019 with all changes in effect as a result of the Tax Cuts and Jobs Act of 2017, visit https://www.ngpf.org/curriculum/taxes/...

Reading List for March 16-17

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Mar 15, 2019
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Paying for College, Behavioral Finance, Economics, Insurance, Investing, Financial Literacy, Taxes
Happy St. Patrick's Day! Happy Reading! Higher Ed The story of the week has to be this one about the college entrance bribery. (WAPO) (Inside Higher Ed) While we are on the subject, this next article highlights the class differences in the college experience as poor kids tell rich colleges what they are experiencing. (EdSurge) And most people are surprised to learn how low the college completion rate is: (NPR) Student Loan Hero surveyed 1000 people across all generations about their debt. One...

Reading List for February 23-24

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Feb 22, 2019
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Financial Literacy, Behavioral Finance, Budgeting, Career, Paying for College, Investing, Retirement, Taxes
  Financial Literacy “Five Things High Schoolers Need To Know More Than Computer Science” from (Forbes). We all know what one of those things is!!! Budgeting The costs of being a woman: Why women end up with less money. (Beth Kobliner) Investing An interesting series of charts from Visual Capitalist shows where the breakdown of investments in 2018 Lyft has not become a verb like “Uber” has, but it looks like they will beat Uber with its IPO. (CNBC) Paying for...

Reading List for February 16-17

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Feb 15, 2019
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Personal Finance, Budgeting, Paying for College, Taxes, Retirement, Current Events
Personal Finance Valentines Day article: here is great pickup line: “Be my financially compatible Valentine?” (WSJ) For those fans of “personal finance on a postcard” concept, here are the rules of thumb according to (Money Maven). More on taxes from Michelle Singletary of the Washington Post, including what NOT to do if you find you owe the IRS money. (New tax laws > lower withholding > lower refunds, if any.) Budgeting Some fun celebrity facts to bring home the...

Reading List for Feb 2-3

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Feb 01, 2019
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Economics, Investing, Taxes, Retirement, Budgeting
Economics A whopping 304,000 jobs were added in January, but December’s 312,000 was revised down to 222,000. Get all the details here: (NYT) Investing State Street basically invented the ETF, so why has its share of the ETF market steadily declined over time. (WSJ) December market performance was the worst since the Great Depression, but January was the best in 30 years!!! Talk about volatility! (CNBC) Budgeting Do your budgeting lessons include covering hospital bills? These stats...

Just One Resource - CALCULATE: Your Tax Due

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Jan 28, 2019
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Just One Resource, Taxes
    In this weekly blog post, the Curriculum team will highlight Just One Resource from our NGPF collection that maybe doesn't get the attention it deserves. Use it this week or bookmark it for later.  [The Resource]  CALCULATE: Your Tax Due The Gist: Students learn how to calculate a person's taxable income and how their marginal tax rate is different than their effective tax rate! The Best Parts: By calculating a person's taxable income, students understand...

EdPuzzle Thursday - TAXES: What's a W-4 Form?

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Jan 16, 2019
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EdPuzzle Thursday, Taxes
New Product Alert! Want to assign videos with built-in questions? We will be releasing a new EdPuzzle video here on the blog each week so that your students can answer questions that are directly embedded within engaging videos. We are excited to share with you a new video each week and a new topic each month! Here is a short and sweet video from DOR Media that we EdPuzzle'd for your students to learn details on W-4 forms, such as the importance of these forms, what employers use it for, and who...

FinCap Friday: From the Red Carpet to The Red Ink of the I.R.S.

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Jan 10, 2019
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FinCap Fridays, Taxes
As the calendar turned from December to January, many Americans woke up to the uneasy thought that they would need to learn about the new tax legislation to file their 2018 tax return. While our tax system relies on voluntary compliance, there are very real consequences for not dotting every "i" and crossing every "t" (and the dog eating your return is not a valid excuse either). This FinCap Friday shares the stories of celebs who landed on the wrong side of the I.R.S. and provides tips on how...

EdPuzzle Thursday - TAXES: How to Read a Pay Stub

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Jan 09, 2019
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EdPuzzle Thursday, Taxes
New Product Alert! Want to assign videos with built-in questions? We will be releasing a new EdPuzzle video here on the blog each week so that your students can answer questions that are directly embedded within engaging videos. We are excited to share with you a new video each week and a new topic each month! We are kicking off this year's EdPuzzle series with videos on Taxes for the month of January. Here is a video on how your students can read a paystub and provides details such as what gets...

What are the new tax changes in 2019?

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Jan 09, 2019
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PRO Tip from NGPF, Taxes
THE PROBLEM: I know taxes are changing in a major way, but I'm not sure of the specifics. What are the basics I need to know to teach my students?  THE ANSWER: Watch this short video to learn the teen-specific impacts of the Tax Cuts and Jobs Act. *Please note that none of this constitutes tax advice and should not be used in the personal handling of anyone's taxes.* Want to receive a weekly PRO Tip to your inbox? Sign up here. ...

Interactive Monday: Where should the government be spending your tax dollars?

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Jan 06, 2019
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Interactive, Taxes, Current Events
Thanks to Jessica, knee-deep in updating NGPF's Tax Unit the past few days, for passing along this excellent tax interactive from the National Priorities Project. Budgets are important. Why? One can tell a lot by analyzing them. They reflect a person, a company or, in this case, a country's priorities.  This interactive, Your Federal Income Tax Receipt, allows students to see the current federal priorities funded by their income taxes and the taxes paid by their parents/guardians. After...

Updated Tax Materials -- an NGPF timeline

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Jan 02, 2019
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Taxes
Our NGPF community is so helpful, we've been flooded with emails or online chats asking when we'll have updated tax materials to reflect tax changes this year, with many of you providing links to drafts of new forms, press releases, etc. THANK YOU! Here's what we have planned:  In January, we'll do minor updates to our existing materials, such as updating the tax bracket charts, standard deductions, getting rid of the 1040EZ, etc. We'll make sure these are up-to-date in our full...

Reading List for October 5-6

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Oct 05, 2018
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Personal Finance, Current Events, Financial Literacy, Investing, Identity Theft, Career, Taxes
Personal Finance  FinTech: Automating finances tops the popularity ranking of apps, but people still want access to people when it comes to financial planning. (BusinessWire) Taxes: The IRS’ budget has been cut. That means fewer tax fraud cases and audits. (New York Times) Careers: Here are fourteen things you should not say during a job interview. (Time Magazine) Credit: Here is some helpful information on freezing and thawing your credit. (Cleveland.com) Emergency Savings: Need to...

What I'm Reading This Weekend (August 4-5)

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Aug 03, 2018
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Personal Finance, Parent Conversations, Current Events, Taxes, Stocks
  New for/about High School Students I never thought cellphones in the class was a good idea, but what a battle! Here is some evidence that supports banning them. (Don’t miss the video about parents use of cell phones as well!) High school kids fill out all kinds of surveys trying to help them through the college/career maze ahead, unaware that their data is being sold! Parents may worry about their new college student succeeding away from home. Here is some advice on preparing them...