Yesterday was Memorial Day, the unofficial start of summer. And for many students, that means it's about time to start a summer job. But whether it's babysitting, waiting tables, or working at the pool, there's a lot they need to know about taxes. Here's some advice from the IRS: 1. Don't be surprised when your employer withholds taxes from your paychecks. That's how you pay your taxes when you're an employee 2. As a new employee, you'll need to fill out a Form W-4, Employee'

Today we will talk about summer jobs for high school and college students. Summer jobs offer students the opportunity to learn about the working world and taxes. As a new employee, they’ll need to fill out a Form W-4 or Employee’s Withholding Allowance Certificate. Employers use this form to figure how much federal and state income tax to withhold from workers’ paychecks. It is important to complete your W-4 form correctly so the employer withholds the right amount of taxes