Why is it important to understand your marginal tax rate and what are some ways it affects your personal financial goals?
Describe how capital gains and losses are recorded on your tax return. Why is it important to understand the difference between a short term and long term gain (or loss).
Describe tax avoidance and how it differs from tax evasion? Are there certain scenarios where these (2) term meanings may conflict with each other?
Describe the benefits associated with each employer-sponsored retirement plans. What are some important components to consider before taking advantage of these plans?
Consider whether you typically receive a tax refund or owe taxes each year. What adjustments could you make and what benefits could you take advantage of in improving your outcome?