HUSC 3366 Chapter 3 Taxes in Your Financial Plan

Rita Conley
Rita ConleyDirector, Student Success Center à University of Arkansas at Pine Bluff
Taxes in Your Financial Plan Chapter 3
Objectives ,[object Object],[object Object],[object Object],[object Object]
Lesson 1 Taxes in Your Financial Plan
Taxes and Financial Planning ,[object Object],[object Object],[object Object],4-2
Taxes and Financial Planning   (continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],4-3
Four Types of Taxes ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],4-4
Lesson 2 The Basics of Federal Income Tax
Computing Your Tax Liability ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],4-6
Computing Your Tax Liability   (continued)   ,[object Object],[object Object],[object Object],[object Object],4-7
Computing Your Tax Liability   (continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],4-8
Computing Your Tax Liability   (continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],4-9
What Tax Records to Keep ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],4-5
Computing Your Tax Liability   (continued) ,[object Object],[object Object],[object Object],[object Object],4-10
Computing Your Tax Liability   (continued) ,[object Object],[object Object],[object Object],4-11
Computing Your Tax Liability   (continued) ,[object Object],[object Object],[object Object],[object Object],4-12
Tax Credit versus Tax Deduction ,[object Object],[object Object],[object Object],[object Object],4-13
W-2 Form Step 4: Making Tax Payments - Withholding 4-14
Step 5: Watching Deadlines and Avoiding Penalties ,[object Object],[object Object],[object Object]
Lesson 3 Filing Your Federal Income Tax Return
Filing Your Federal Income Tax Return ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],4-15 ,[object Object]
Which Tax Form Should You Use? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],4-16
Decide Which Tax Form to Use ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],(continued) ,[object Object],4-17
Completing Your Federal Income Tax Return ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],4-18
Completing Your Federal Income Tax Return ,[object Object],[object Object],4-19 (continued)
Tax Information Sources ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],4-20
Tax Information  ,[object Object],[object Object],[object Object],[object Object],[object Object],4-21
Tax Information  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],4-22
What if Your Return is Audited? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],4-23
Lesson 4 Using Tax Planning Strategies
Tax-Planning Strategies ,[object Object],[object Object],[object Object],[object Object],[object Object],4-24
Tax-Planning Strategies ,[object Object],[object Object],[object Object],[object Object],[object Object],4-25 (continued)
Tax-Planning Strategies ,[object Object],[object Object],[object Object],[object Object],(continued) 4-26
Tax-Planning Strategies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],4-27 (continued)
Tax-Planning Strategies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],4-28 (continued)
VITA ,[object Object],[object Object],[object Object],4-29
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HUSC 3366 Chapter 3 Taxes in Your Financial Plan