Date and Time

Length

1 hour

Description

Tax season can often be a source of stress and confusion, leaving many of us feeling overwhelmed by complex terms and concepts. If you’ve ever found yourself wondering whether you’ve paid too little or too much in taxes, or if you simply want to gain a better understanding of how taxes work, then our upcoming Financial Sense¢ program is perfect for you! 

In this month’s session, titled “Demystifying Taxes and Empowering You for Tax Season,” we’ll provide you with the knowledge and confidence you need to navigate the world of taxes with ease. Whether you’re preparing to file your own taxes or communicate effectively with a tax preparer, this course will equip you with essential insights and strategies. 

Attention Penny Forward Supporters

Join us for our monthly public Zoom call, Financial Sense¢. This program is open to the public and is included on the ACB Community Schedule. In addition to our Zoom room, you can access this live on Facebook and Youtube, and it will be in the ACB Community Clubhouse House.

 

What to expect

• Introduction (5 minutes): Kick off the session with a brief overview of what to expect and the importance of understanding tax terms and concepts.

 

• How tax brackets determine how much we’re taxed (10 minutes): Explore how tax brackets work and how they impact the amount of tax you owe.

 

• The difference between a tax credit and tax deduction (10 minutes): Learn about the distinction between tax credits and deductions, and how they can help lower your tax liability.

 

• Why some people get a big refund and others end up owing money (10 minutes): Understand the factors that influence tax refunds and liabilities, and how you can optimize your tax situation.

 

• Options for completing and filing a tax return and their pros and cons (10 minutes): Explore different methods for filing taxes, including DIY options and professional assistance, and weigh the advantages and disadvantages of each.

 

• Conclusion (5 minutes): Wrap up the session with key takeaways and resources to support you in navigating tax season successfully.

 

Don’t let tax season catch you off guard—join us for Financial Sense¢ and empower yourself with the knowledge and confidence to tackle taxes like a pro!