Student Summer Job Advice
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'
Summer Jobs for Students
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