Financial Literacy Series: Taxes

Case Manager for the Office of the Dean of Students, Michell Jaworski

Two things are certain in life: death and taxes. And while tax time arrives every year, it often comes with different laws— as well as different financial situations for you. This lesson will simplify taxes to help you prepare for them (even if you’re not the one prepping them).

In this lesson, you’ll learn about:

• Basic tax documents.

• How to prepare to file your income tax return.

• Your tax liability through different types of taxes.

• How tax rates and deductions result in your effective tax rate.