WORKING A SUMMER JOB? DON’T FORGET ABOUT TAXES! 💼💰 Even if your teen is just 14 and working for a couple of months — taxes still apply on their paycheck. 📉 What’s typically withheld: ▪️ Federal income tax ▪️ Social Security ▪️ Medicare Age doesn’t matter — once there’s official income, taxes follow general rules. 📄 Do they need to file a tax return? ✔️ Yes, if they earned more than $14,600/year ✔️ But even with lower income, filing often makes sense to get a refund 👨👩👧 Parents can still claim their child as a dependent — just make sure the teen marks it correctly on their return. 💡 Bonus tip: with earned income, your child can open a Roth IRA — a smart move for long-term financial health!