April 10, 2018

Tips for Teaching Your Preschooler About Taxes

No matter how young your child is, tax season can be an opportunity to explain to children what taxes are, why we have them and who benefits from them.

Paying taxes is a civic duty and something your child may have already experienced as a consumer paying sales tax on small toy or snack purchases. There can be significant complexities involved with adults filing taxes, thus it can be a difficult concept to teach and help young kids understand.

Here are tips and teachable moments you can use to help your child gain a basic understanding of tax concept.

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