Kitty Pryde-Barton (![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
throughaphase) wrote in ![[community profile]](https://www.dreamwidth.org/img/silk/identity/community.png)
fandomhigh2017-04-02 08:33 pm
throughaphase) wrote in fandomhigh2017-04-02 08:33 pm
Entry tags:
Adulting 101- Monday
Class was in the computer lab today, where every student would have some forms and a booklet at their stations.
"So, this weekend was interesting, and so today's the perfect day to counteract that with one of the most boring classes you're ever going to have," Kitty said. "Today you're going to learn about taxes!"
She absolutely paused for reaction.
"Every year around this time, if you get income from a job, you have to do your taxes. Because the government takes some of your money in order to pay for civil services, and things like infrastructure, and at the end of the year you look at what you made and find out if you paid too little, in which case you have to send them some more money, or too much, and then you get some money back. And to do that, because you're dealing with the government, you have to fill out paperwork.
"What happens is, your job hands you a form called a W-2, which says how much you earned and how much you paid. They have till the end of January to send it or give it to you or whatever, and if you've worked multiple jobs you have a W-2 for each, but since you're starting out here everything should be pretty simple. And you have a few different options on how to get them done. You can still find paper forms at the library and mail them in, and you can download the instruction booklet online. You also have to do taxes at the federal level and whatever state you're in, so if you do that you have to make sure you have forms for each. You can file them online using a service like TurboTax, which does most of the work for you, but you usually have to pay to file, and they can file everything at the same time. And then you could always just get a professional to do your taxes and file them, though that's going to cost more and until you start owning property and having investments and a lot of deductions- which are things you did or bought that you're owed money for- then you don't really need that.
"I've created a dummy site, where you can input the information from the W9s in front of you and see what you end up with. If you get stuck, there's booklets in front of you to help, or there's help on the site. If you still get stuck, let me know."
"So, this weekend was interesting, and so today's the perfect day to counteract that with one of the most boring classes you're ever going to have," Kitty said. "Today you're going to learn about taxes!"
She absolutely paused for reaction.
"Every year around this time, if you get income from a job, you have to do your taxes. Because the government takes some of your money in order to pay for civil services, and things like infrastructure, and at the end of the year you look at what you made and find out if you paid too little, in which case you have to send them some more money, or too much, and then you get some money back. And to do that, because you're dealing with the government, you have to fill out paperwork.
"What happens is, your job hands you a form called a W-2, which says how much you earned and how much you paid. They have till the end of January to send it or give it to you or whatever, and if you've worked multiple jobs you have a W-2 for each, but since you're starting out here everything should be pretty simple. And you have a few different options on how to get them done. You can still find paper forms at the library and mail them in, and you can download the instruction booklet online. You also have to do taxes at the federal level and whatever state you're in, so if you do that you have to make sure you have forms for each. You can file them online using a service like TurboTax, which does most of the work for you, but you usually have to pay to file, and they can file everything at the same time. And then you could always just get a professional to do your taxes and file them, though that's going to cost more and until you start owning property and having investments and a lot of deductions- which are things you did or bought that you're owed money for- then you don't really need that.
"I've created a dummy site, where you can input the information from the W9s in front of you and see what you end up with. If you get stuck, there's booklets in front of you to help, or there's help on the site. If you still get stuck, let me know."
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