Intro To Financial Literacy: Common Tax Documentation

Intro To Financial Literacy: Common Tax Documentation, Content applies to tax documentation in the United States.

This course will introduce students to some common tax documentation used in the United States. It is important to know these forms and concepts as everyone will have to file taxes at some point.

Common tax documentation includes W2 statements, 1099 statements, Schedule C statements and 1040 Statements. As part of today’s course we will discuss what these forms are used for and how they may apply to you.

For e.g. if you are employed by a grocery store and earn income, you will receive a W2 at the end of the year summarizing all the money you earned and all the taxes your employer withheld from your paycheck. When it is time to file taxes, you will use the W2 form to enter information on the 1040 income tax document.

I hope you gain some new knowledge from today’s course and I wish you nothing but success in your financial endeavors. Thanks for taking this course. Feel free to share with others and I welcome feedback as it helps me improve my courses.

Video Credits:

Music By: Twins Music – Brave

Music by Bensound

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Legal disclaimer

The contents of this course provide general financial information. It is not legal advice or regulatory guidance. It is intended to provide basic financial concepts to help further financial education. You should always consult a lawyer or accountant for personal matters relating to finances