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Reply to "Taxes for teens"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If he was paid from a W-2, then no although he might get a refund. The confusion comes when teens are paid via 1099. In a case like that, they need to file for any income over $400 and pay social security-type taxes (15%). My DS is a tutor paid on a 1099. He owes money so we had our accountant do his taxes at the same time they did ours. (overkill, but I don't like doing taxes myself). [/quote] Yes, he got a W2.[/quote] He only needs to file if they withheld taxes and he wants that money back. Just did it last night using free tax filing because DD's employer withheld about $200, which was all refunded.[/quote]
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