Update on the teacher tax deduction for 2022 for 2021 tax year. A teacher’s guide to the educator expense deduction. Overview of the Educator Expense Deduction If you are a teacher, generally, you can claim the educator expense deduction if you have paid for classroom supplies and other materials from your own pocket during the … Continue reading Tax Deductions for Teachers 2022 | Expenses 2021
Do you play Wordle, the viral online word game? Here is a fun class or lesson starter for the TikTok or YouTube generation of students on the topics of money and saving. Discuss with your students the importance of saving money and the problem of having too much debt, especially credit card debt. @moneymittens … Continue reading I was playing Wordle and this happens…
Stock market explained. Learn and understand the basics of Wall Street and the stock market for beginners. What is the Stock Market? The Stock market refers to a group of exchanges that allow stocks and other securities to be bought and sold. The stock market and Wall Street are two terms used in the United … Continue reading What is the Stock Market? How does it work?
What is Form 1040? Form 1040 is the U.S. Individual Income Tax Return. It is a federal income tax form that people use to report their income to the IRS and claim tax deductions or credits. It is used to calculate their tax refund and tax bill for the year. You may file your … Continue reading What is the IRS Form 1040? Individual Income Tax Return
The 1040 form may look complex. However, don’t be overwhelmed with doing taxes and filling out the form. Here we will step through some of the more common lines for the 1040, to help give you an idea of what things you likely will need to fill out. First, what is Form 1040? Form … Continue reading How to Fill Out 2021 Form 1040 | Taxes 2022
Are you ready for taxes in 2022? When is the last day to file taxes? Its time to mark your calendars for the federal tax filing deadline. According to the IRS, for most taxpayers, Monday, April 18th 2022 is the deadline for filing 2021 tax returns. It is normally April 15th, but due … Continue reading When are Taxes due in 2022?
Needs and wants, what is the difference? Understanding the difference, between needs and wants, is crucial to good financial decision making. What is a Need? A need is a requirement, or essential item that is considered to be necessary for living. Examples include shelter, food and water, and clothing. These are essential for a person’s … Continue reading Needs and Wants
Owning stocks allows you to be an investor in a public company. Stocks are simply a share of the company’s ownership. It doesn’t matter if you call it stocks, shares, or equity, it all refers to the same thing. A stock is a claim on the earnings and assets of a company. You are … Continue reading What are Stocks?
What is Insurance? Do I need it? What are the costs and benefits? These are all common questions and there are easy to understand answers. Insurance can seem complicated and confusing because you are paying for something that you don’t intend to use. Nobody wants to have something terrible happen to them. However, a … Continue reading What is Insurance?
Here we will learn how to read a pay stub, and take a look at a sample pay stub. As a financial record of their payment, employees receive a pay stub. Although the pay stub may seem confusing, it doesn’t have to be. This brief summary should help you understand it better. The pay … Continue reading How to Read a Pay Stub