Youth Learn About Taxes

posted 8/5/19 -- LCCAA Youth Services provides a variety of resources for Lorain County teens.

Last week, a group of teens and young adults gathered to learn about one of life's certainties: taxes.

Led by Michael Ferrar-Taylor, the Taxes 101 workshop discussed when and how to file income tax returns at the federal, state and local levels. They learned the differences between W2s, W4s and 1099 forms.

Ferrar-Taylor, presenting on behalf of United Way of Lorain County, also noted that the young people should file their tax returns as most are likely to be due a refund.

Even low earners still have taxes deducted from their paychecks as an estimate of what they might owe. However, if they don't meet the income threshold (where they are required to pay taxes), they will get a refund of those deductions.

Danielle Cannon, 19, of Lorain said taxes scared her before the seminar. "It's nice to get information from people who know what they are doing," she said.

Ferrar-Taylor also pointed out many resources for free tax help and encouraged the group not to overpay someone to help them complete a simple return.