r/personalfinance Wiki Contributor Jan 31 '15

Reminder: Khan Academy still has basic explanations on taxes in the U.S. This should help you with understanding tax brackets, deductions, and other related information. Taxes

Basically a repost from last year, but I felt the need to remind people that this resource exists. There are some simple explanations of tax law in the U.S. over at Khan Academy. Here are a couple links:

And since retirement accounts tie into deductions:

Let me know if there's anything related I should add to this list. Happy filing!

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u/HomicideSS Jan 31 '15

It's annoying how they don't teach this in high school. It's okay though, we learned a bunch of irrelevant things

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u/SigaVa Jan 31 '15

The purpose of school is to teach you how to learn and think, not to teach you specific applied skills. That way you can go learn stuff like this on your own.

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u/[deleted] Jan 31 '15 edited Aug 15 '15

[deleted]

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u/pm_me_ur_math_hw Jan 31 '15

Your experience does not apply to every high school. I feel I got a tremendous education in my (public) high school.

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u/[deleted] Jan 31 '15 edited Aug 15 '15

[deleted]

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u/pm_me_ur_math_hw Feb 01 '15

I even had the opportunity to go to a local community college to take classes for free. I graduated with 30 credits. It was way easier than AP classes, however based on what I've seen

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u/MamaXerxes Feb 01 '15

All of my AP classes were harder than my college courses in their corresponding subjects.

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u/HenryDavidThrowaway9 Feb 01 '15

My experience may just be piss-poor, but I never held the AP course I took to a very high regard. They were just parroting larger concepts back to the instructor. The extent of critical thought was distilled into memorizing taglines, quotes and key words for the evaluations, just like standard classes. Enlightening elucidations from any high school course curriculum were few and far between.

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u/[deleted] Jan 31 '15

Accounting was a elective in my school so yes, sadly it's true.

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u/FlavorfulCondomints Feb 01 '15

What school were you at? I definitely learned how to think and took tests/quizzes/etc. in a public US high school that were not "fill in the blank" or all multiple choice.

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u/[deleted] Feb 01 '15 edited Aug 15 '15

[deleted]

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u/FlavorfulCondomints Feb 01 '15

Yeah, I took both regular and AP. Still did critical thinking stuff in both levels, but I understand that the dynamic is different in a larger Texas school.