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If you live in a state with high minimum wage or your teen snagged a well-paying summer job, make sure to look at the gross income on their W-2 form to determine if they need to file taxes. If ...
Teenagers -- and adults, for that matter -- who take on gig work, side jobs, or consider themselves self-employed will receive a 1099-NEC form for any earnings of $600 or more. If a self-employed...
If your teen received a 1099 form, they must file a tax return to declare that income and pay self-employment taxes. Teens who worked side gigs over the summer may have specific deductions that ...
If your teen worked a full-time or part-time job in 2021 for the first time, they might be facing another milestone in their life this April: filing tax returns. Your teenager must file federal and...
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If your teen just received a W-2 from their first part-time job they could be facing another first this year: filing taxes. Depending on your teen's age, as a parent you might take an active role ...
While hiring rates were lower than expected in April, teens looking for summer jobs might have better luck. Youth unemployment rates are beginning to decline after a jump due to the pandemic. See ...
Marie Schwartz runs TeenLife Media, a national online directory of enrichment programs and activities for teens, grades 7 through 12, during the pandemic, teen summer employment hit a new low.