How to Successfully Plan and File Taxes
Learning Objectives
Upon completion of this comprehensive and engaging course, you will be able to:
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- List the key government services that taxes support
- Differentiate between federal, state, and local taxes
- Define key tax-related terms such as gross income, net income, payroll taxes, withholding, employee, independent contractor, tax refund, and others
- Compare tax credits vs. tax deductions (incl. standard and itemized deductions)
- Explain the differences in the 4 tax filing statuses and who qualifies for each
- Calculate your “take home pay” using the progressive tax system brackets
- Differentiate between short-term capital gains and long-term capital gains
- Identify the purpose of key tax forms and schedules as well as when to file them (W-2, W-4, W-9, 1040, 1099-NEC, 1040-ES, Schedule A, Schedule SE, and others)
- Identify key dates and methods to file your Estimated Tax and Individual Income Tax Return on time each year
Instructor
Danial Khan, MBA serves as Financial Wellness Program Manager at Stanford University. He completed two Master’s degrees in Business Administration and Social Work (MBA/MSW) at the SUNY University at Buffalo. He is a Certified Financial Social Worker (CFSW), with expertise and experience helping people understand their relationship with money, promote positive behavior change, and improve outcomes for financial well-being. He previously served as an AmeriCorps service member at the University at Buffalo to build and manage their first Financial Wellness Program. Danial provided one-on-one financial coaching, interactive and educational workshops, and partnered with schools, departments, and student groups on-campus to market and expand the program’s impact, in service to the institution’s 30,000+ students. With regards to accolades, he served as a Social Impact Fellow with Habitat for Humanity Buffalo and was appointed as Buffalo’s City Leader by Skate for Change, a not-for-profit organization empowering people experiencing homelessness.
9888 Windy Hollow Rd
