Taxes Webquest - Mrs. Graham's Class



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Taxes Webquest

So HOW DO PEOPLE get a tax refund? Why do people pay less taxes than you? Or more? How could YOU or a family member pay less? What items can you claim so you will have to pay less income tax?

Let’s find out…

Directions: Go to my website at , click the Intro to Business tab, scroll down to “links”, and then click on “Turbo Tax Frequently Asked Questions”. Answer the following questions for part 1 in the spaces provided.

Part 1: Turbo Tax Questions

1. What is the short answer to the question “Who can I claim as a dependent”?

Click on the blue “who you can claim as a dependent” and answer the following 2 questions:

2. Your best friend has been living with you and your Mom for over a year now. She/he is only 17 and receives no financial support from his/her mother, and is currently a senior at Bradford, and is working, on average, 10 hours a week making minimum wage at Taco Bell. Can your Mom claim your friend as a dependent? EXPLAIN YOUR ANSWER. (hint: read the 5 tests that quality a child as a dependent.

Yes or No

Explain:

3. If Mrs. S-G was fired ( could my husband claim me as a dependent because he is now supporting me? Explain your answer. (Hint: It’s one of the common questions answered)

4. Why do people filing for a tax return want to claim as many dependent as possible? (This is a question YOU can answer if you’ve been paying attention the last few days)

Go back to the TurboTax FAQ’s.

5. What type of expenses can you deduct when you are looking for a job?

6. What about moving expenses? What can be deducted?

7. Part-time and full time college students can receive a credit of how much money per year ? (good info to know!!!)

Part 2: IRS

Go to and answer the following tax questions.

8. Many of you had questions the last few days concerning whether or not YOU must file for taxes. Well, let’s take a look and see. Go to the “filing tab”, then under “Get Ready”, click on “Do you need to file a return?” Click on either yes or no as you answer the questions.

After going through the series of questions, should YOU be filing a tax return?

Click on “Help and Resources” at the right of the top toolbar, then click on “Can’t Pay in Full? Here’s one option” under the red Payments & Refund category.

9. What option are you given if you can’t pay in full?

10? What requirements must you meet in order to be eligible for the option in #9?

Click your back button, then click on “More Frequently Asked Questions” in the middle of the page. Click on “IRS procedures”, then click on #6 “Will I be charged interest…”

9. List the penalties that may occur if you don’t pay your taxes on time:

Click the back button. Click on #10, “As a full time student am I exempt from federal taxes”?

10. Is a full time student exempt from federal taxes?

In the middle of the same page, click on “Tax Information for Students”. Click on “education credits”, click on “American Opportunity Tax Credit”.

11. Look at the criteria for the AOTC. This could apply to you when you go to college!! What tax credit could you get???? (Remember this tax credit!!)

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