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SEO Content Tax Aug 2018 - "Summer Jobs and Taxes"

Tax Aug 2018 - "Summer Jobs and Taxes"

Tax Aug 2018 - "Summer Jobs and Taxes"

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Summer Jobs and Taxe



Summer is in full swing and, with school out, lots of high school and college kids are working seasonal jobs before they return to their studies. It doesn’t matter if it’s mowing lawns, checking out groceries, painting houses or lifeguarding at the beach, here’s what you need to know about summer jobs and taxes.

Even if you don’t owe taxes, you still might need to file a tax return

Often, a first summer job is also the first time dealing with a form W-4. Figuring out the right number of exemptions to claim might not be easy, especially with the increased standard deduction under the latest tax law. A summer job has the chance of not resulting in any taxes, so claiming a few exemptions could be fine – but there’s no guarantee. Remember that the more exemptions claimed, the less paid in taxes each paycheck, but this may result in a higher tax liability at the end of the year. If you’d rather play it conservatively, have your child claim 0 or 1 exemption on his W-4 and hope for a refund at tax time...........



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SEO Content, SEO Website Content, Blog Content, Content Content, SEO Writer, Tax Aug 2018 - "Summer Jobs and Taxes" - Summer Jobs and Taxes Summer is in full swing and, with school out, lots of high school and college kids are working seasonal jobs before they return to their studies. It doesn’t matter if it’s mowing lawns, check