Independent Living Program - Florida's Center for Child Welfare

SAVINGLearning Goals Expectations Activitiesa. Select and use one or more savings strategies.b. Assess the effectiveness of each savingstrategy in reaching your savings goal.c. Tell how much money you have in savings.28. Can achieve a long-termsavings goal to help inthe transition to selfsufficiency/selfresponsibility.Developing Your Vision, Book 3.I Know Where I am Going, Part I, C. 4, Hard Choices, p. 26-39.INCOME TAXLearning Goals Expectations Activities29. Knows and understandsone’s responsibility forfiling income taxes.a. Explain why people pay taxes.b. Explain that income earned whether paid incash or by check is taxable and must bereported.c. Identify all types of income tax required inones locality (e.g. federal, state, city, county).d. Tell when and how often a person needs tofile tax forms and make tax payments.e. Explain the consequences for failing to filetimely tax forms and payments.FUTURE/PATH, p. 40.PAYA, Module 1, W-4/Filing Taxes, p. 95-99.Ready, Set, Fly! Taxes #3Understanding Taxes –http://www.irs.gov/app/understandingTaxes/index.jspEconoEdLink, Tax Activities and Resources –http://www.econedlink.org/lessons/index.cfm?lesson+EM69Internal Revenue Service, Tax Interactive –http://www.irs.ustreas.gov/individuals/index.htmlUniversity of Minnesota Extension, A World Without Taxes –http://www.extension.umn.edu/distribution/resourcesandtouris30. Know how to file taxes.a. Explain the documents and informationrequired for filing taxes.b. Identify places where tax forms are available.c. Describe where in the community one can gethelp in completing tax returns.d. Compare the fees associated with differentmethods of tax preparation (e.g., paper, withsoftware, by an accountant).e. Determine the best ways to have tax formscompleted and filed (e.g., do it yourself, payfor the service, find a free service, electronicfiling).f. Describe the pros and cons of rapid refund.m/components/6080a.htmlPAYA, Module 1, W-4/Filing Taxes p. 95-99.Ready, Set, Fly! Taxes #3.Understanding Taxes –http://www.irs.gov/app/understandingTaxes/index.jspLife Skills Guidebook 93©2004 by Casey Family Programs.