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Teaching with Technology - Resource Description

Project Money: Income Tax

Program

ABE: Adult Basic Education

Example Web Site and/or Technical Equipment Required

http://www.projectmoney.org/incometax/index.html new window
Computer(s), Internet access, projector

Activity Description

Project Money is a Web site and workbook developed with the help of adult basic education learners to help other adult learners understand money. It covers four topics:

  • Saving Money
  • Bank Accounts
  • Credit Cards
  • Income Tax

This activity will focus on learning about Income Tax.

Preparation

  • Review the Project Money Web site on Income Tax.
  • Project Money provides a handout called 5 Simple Steps for Your Taxes (PDF) that you can download and print for your students.
  • Decide if you will be conducting the lesson as a group or having a student work through the lesson in dependently. Tailor the lesson accordingly.
  • If students will be accessing the site, be sure to test the site in your lab to be sure it is accessible to the students. Test any other sites you plan to use.

How-To

  1. Begin by introducing the two types of income taxes, state and federal, and when they are due.
  2. The 5 Simple Steps handout may be at too high a level for your learners, but you might want to focus on a small section, like what you need to get together in order to file income taxes.
  3. The How Much Will I Pay new window link provides the most basic information about what a tax payer might expect.

Teacher Tips

It is preferable to have a computer lab where students can get online and see the links and articles on the site, but you can also print the worksheets and just project the site from a teacher's computer, or use totally offline.

More Ways

  • Download the 1040EZ form to use as an example of what a tax form looks like.
  • The Other Resourcesnew window link on the Project Money Web site offers links to other sites that can be used to expand on financial topics. For example, Hands On Banking new window by Well Fargo provides information about bank accounts in English and Spanish, with audio for each page.

Levels

Intermediate
High

Subjects

Reading

Subject Subcategories

Reading
Critical Thinking/Decision Making

Standards

1.3 Understand methods and procedures used to purchase goods and services
1.5 Understand how to manage household finances
1.8 Demonstrate financial literacy skills