When it comes to tax policy, a change in Administration often means proposals to revise that daunting federal income tax code. One group estimated that it would take 62 days of non-stop reading to get through it!  The Biden Income Tax Calculator could be a quick and easy way to help inquisitive students understand what President Biden’s proposed federal income tax changes could mean for them or their families.

Here are just a few ways you could use the Biden Income Tax Calculator in your classroom:

• Allow students to explore without any restrictions the impact of the Biden tax plan, which could be exploring their own personal circumstances or the circumstances of their family.
• Assign students a filing status and have them answer the question: What income levels seem to be most impacted by these proposed changes? 
• Partner up students, assign them the filing status of married and then together have them compare the impact of the proposed tax plan on various income levels.
  • $20,000
  • $50,000
  • $100,000
  • $250,000

Just below the calculator is an interactive of (FAQs) About Biden's Proposed Tax Plan, with Q&A such as “Will These Changes Happen in Time For the 2021 Tax Season?”

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We updated our Taxes Unit for 2021. What's been updated?

All of NGPF’s high school and middle school taxes curriculum is updated. Whether you’re using a course or an individual activity, we’ve made sure it reflects the upcoming tax filing period.

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Would you like to learn more about taxes? Here are a few handy resources that can help:

• NGPF Professional Development 2/1/21: Turbo Tax Filing Simulation (Beginner)
• NGPF Professional Development 2/1/21: Turbo Tax Filing Simulation (Advanced)
• NGPF Taxes Certification [Next sign-up period starts January 27th)
• Edpuzzle: How Do Tax Brackets Actually Work?

About the Author

Brian Page

Making a difference in the lives of students through financial capability is Brian’s greatest passion. He comes to NGPF after fifteen years of public school teaching where he was the ‘11 Ohio Department of Education recipient of a Milken National Educator Award, the CEE Forbes Award winner, and a Money Magazine/CNN "Money Hero". He served on the working group for President Obama's Advisory Council on Financial Capability. He has private school experience as a Trustee for the Cincinnati Country Day School and was a past Ohio Jump$tart President. Brian holds a BBA and M.Ed. When Brian isn’t working alongside his NGPF teammates he is likely spending time with his wife, three children, and dog; hiking, or watching Ohio State football.