Urges Hawaii's Department of Education to include tax instruction in its financial literacy graduation requirement.

The bill urges the Hawaii State Department of Education to include taxes as a major topic area in its financial literacy graduation requirement. It suggests that tax instruction should cover topics such as completing a 1040 form, understanding W-4 forms, payroll deductions, federal versus state income taxes, sales and property taxes, and tax brackets. The bill highlights the importance of tax literacy, citing a 2024 Tax Foundation poll that shows a lack of basic tax knowledge among respondents.

Urges Hawaii's Department of Education to include tax instruction in its financial literacy graduation requirement.

The bill urges the Hawaii State Department of Education to include taxes as a major topic area in its financial literacy graduation requirement. It suggests that tax instruction should cover topics such as completing a 1040 form, understanding W-4 forms, payroll deductions, federal versus state income taxes, sales and property taxes, and tax brackets. The bill highlights the importance of tax literacy, citing a 2024 Tax Foundation poll that shows a lack of basic tax knowledge among respondents.