TurboTax and EVERFI: Helping High School Students with How To File Their Taxes
Are we preparing students for “the real world?” Obviously that answer is, of course. However, there are elements of the “real world” that perhaps schools could do a better job of preparing students for. I am a math teacher, one obvious application of math is paying taxes. I have gone over sales tax with students, but what about ﬁling income taxes? Never. Why? No good reason other than it is not in my textbook curriculum. Bottom line, it is not easy for me. I am not sure I fully understand paying taxes. I pay way too much money to have my taxes done for me. Possibly, because I didn’t learn in school how to pay taxes. Aside from learning how to pay taxes, teenagers can also benefit from learning financial-related information such as how to transfer child trust fund to junior isa.
“ TurboTax and EVERFI have teamed up to make it easy to teach students about paying taxes.
Financial Literacy is Important
As a teacher, you know that ﬁnancial literacy is an important skill that your students will need for the rest of their lives. With the EVERFI: Financial Literacy course and Intuit TurboTax Simulation, you have a powerful tool at your disposal that can help your students learn how to manage their ﬁnances wisely. Here are some tips on how to incorporate the EVERFI course into your teaching:
As a teacher, you may be wondering why it is important to teach ﬁnancial literacy to your students. Here are some reasons why ﬁnancial literacy is an essential life skill:
Financial literacy is about understanding how to manage money wisely. By teaching your students ﬁnancial literacy, you are equipping them with the knowledge and skills they need to make informed ﬁnancial decisions that will promote their ﬁnancial well-being over their lifetime.
Essential for personal and professional success
Whether your students plan to pursue further education, start their own business, or enter the workforce, ﬁnancial literacy is essential for their success. In today’s economy, ﬁnancial literacy is a key component of personal and professional success.
Help break the cycle of poverty
Many students come from families with limited ﬁnancial resources. By teaching ﬁnancial literacy, you can help break the cycle of poverty by equipping your students with the knowledge and skills they need to manage their ﬁnances wisely and make informed decisions about their future.
Teaches critical thinking skills
Financial literacy is not just about learning how to manage money. It is also about developing critical thinking skills that will be valuable in many aspects of life. By teaching ﬁnancial literacy, you are helping your students develop skills such as problem-solving, decision-making, and analysis.
Finally, ﬁnancial literacy is a life skill that your students will use for the rest of their lives. By teaching ﬁnancial literacy, you are giving your students the tools they need to manage their ﬁnances, avoid debt, and plan for the future.
“If not you, then who?
EVERFI & TurboTax
As a busy teacher, you are always looking for ways to teach your students real-world skills that they will need in the future. One of the most important of these skills is ﬁnancial literacy, and that’s where the EVERFI course can help.
EVERFI’s Financial Literacy for High School Students is a comprehensive, online course that teaches students how to make wise ﬁnancial decisions and promotes ﬁnancial well-being over their lifetime. The course is broken down into seven easily consumable modules that take just 20-35 minutes each to complete.
The course is interactive and engaging, with immersive digital environments and diverse characters that bring modern, relevant ﬁnancial education objectives to life. Students accelerate their ﬁnancial understanding through problem-solving, self-reﬂection, and games that provide real-life scenarios for practice.
One thing I like about EVERFI courses is that students do not have to complete the module in one sitting. This makes EVERFI the perfect supplement to assign to students for when they ﬁnish early.
Through the EVERFI course, students will build an understanding of how ﬁnancial institutions work, how to use them, the diﬀerent products they oﬀer, and how to manage their own account portfolio. By completing the course, students will be equipped with the knowledge and skills they need to make wise ﬁnancial decisions that will promote ﬁnancial well-being over their lifetime.
This being shared, one of the most valuable parts of the EVERFI course is the embedded Intuit TurboTax Simulation, which teaches students how to ﬁle taxes. Students simulate choosing a job and the steps they will expect for how to ﬁll out tax paperwork and ﬁling taxes.
Intuit and EVERFI are helping students develop healthy financial habits and build confidence about handling their taxes! The TurboTax Simulation offers interactive lessons which are a great way to help your students understand how to navigate the complex world of taxes.
By using the simulation students will:
- Understand tax filing is something they’ll need to do in the future and is a vital step towards financial independence.
- Become familiar with the information needed to fill out basic tax forms down the road.
- Learn the steps of the tax filing process.
Using these carefully designed tools and instruction from Intuit TurboTax, along with the additional resources that are available to supplement the modules, we can help provide students the resources necessary to prep them for their financial futures!
So, if you’re a busy teacher looking for a way to teach your students important real-world skills, consider using the EVERFI Financial Literacy for High School Students course and Intuit TurboTax Simulation! It’s free, online, and easily consumable – making it the perfect addition to your curriculum.
Get Students Started
There are TWO ways to access the TurboTax Simulation!
Option 1: Log in with Your EVERFI Account
Note: By logging into your EVERFI teacher account, you will be able to track student registration and course progress.
Step 1: Log in to or register for your EVERFI account here.
Step 2: Locate the EVERFI: Financial Literacy for High School course and click “Create Class”.
Step 3: Provide your students with the class code to get your students started on the course. The TurboTax Simulation lives within the Employment & Taxes module!
Option 2: Get Quick Access
Note: By accessing the simulation on this site, students will have immediate access, but you will not be able to track student registration or course progress. Not all lessons available within the EVERFI: Financial Literacy course are available via Quick Access.
- Share this link to the simulations with your students.
- Prompt students to begin using the TurboTax Simulation, starting with “Filing Your Taxes”.
Share Your Thoughts!
What did you think you offered this real-life education in your classroom? Give your feedback to the team that created it HERE!
- How has the TurboTax simulation supported your classroom needs?
- How has the TurboTax simulation better engaged your students in learning taxes?
- What critical problem has the TurboTax simulation solved in your classroom?
- How would you describe your experience with the TurboTax simulation and its impact on your ability to teach taxes?
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