Hi everyone. My son will be working this summer in an effort to help with his upcoming college tuition. He is a senior in High School and this will be his first job!
As far as the tax forms - I know he likely won't have to file taxes because he will probably earn about $1200 dollars or so. I thought that if one earned less than the standard deduction taxes did not have to be filed. Is that correct?
I want him to have the experience of completing the tax forms, seeing his paycheck and where the money goes, etc. I don't think it would be a bad thing if he did need to file taxes. But I am not by any means encouraging any type of refund.
For some reason, I am having a hard time picturing the whole 1040 EZ form, intro tax liabilities and all of that.