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2
Posted on 6/17/13 at 3:59 pm to DawgCountry
When I was that age all they took out was SS.
Posted on 6/18/13 at 1:16 pm to DawgCountry
quote:
he may get a considerable chunk back when he files his taxes
Just claim exempt on his W-4 - he will still pay Social Security and Medicare but will probably be under the threshold required to file a return. It is pointless to pay to file a return if you get all withholdings back. Just don't have it withheld in the first place.
This post was edited on 6/18/13 at 1:17 pm
Posted on 6/18/13 at 1:30 pm to krehn11
quote:
It is pointless to pay to file a return if you get all withholdings back. Just don't have it withheld in the first place.
If you're paying to have a teenagers tax return done, you're just being lazy. Filing a 1040-EZ is one of the simplest things to do. Have him do it himself. That's what I did when I was younger. I filled it out myself and then went over it with my parents. It was a great learning experience.
Posted on 6/19/13 at 10:37 am to BayouBengal
quote:
If you're paying to have a teenagers tax return done, you're just being lazy. Filing a 1040-EZ is one of the simplest things to do. Have him do it himself. That's what I did when I was younger. I filled it out myself and then went over it with my parents. It was a great learning experience.
But why give the government an interest free loan? Don't withhold it if you are getting it back. It makes zero sense.
Posted on 6/19/13 at 12:01 pm to krehn11
quote:
But why give the government an interest free loan? Don't withhold it if you are getting it back. It makes zero sense.
Correctly, put a zero down for the withholding no doubt. But that has nothing to do with how easy it is to file a 1040-EZ. He would still need to file and it's a super easy process. No need to involve an expensive accountant, cpa, H&R block, etc...
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