In this lesson from the Managing Your Money Unit, participants learn about paying their income taxes. Activities include Allocating Tax Dollars – What Would you Choose, a Home Talk activity or the Escape Room Active Learning Tool as conclusion options, Attitudes about Taxes from the Attitudes about Money Active Learning Tool, Choosing What’s Important to Spend Tax Dollars On, and filling out the 1040 tax form using a provided scenario and tax table.

Cross-curricular keywords: Math, ELA

Lesson Objectives

  • Identify the purpose of income taxes
  • Identify information contained on a W-2
  • Use information in a W-2 to complete a Form 1040
  • Use tax tables to prepare a Form 1040 Tax Return

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