Teens with jobs not expected to file tax returns - KWWL - Eastern Iowa Breaking News, Weather, Closings

Teens with jobs not expected to file tax returns

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Is your teen about to get their first summer job?

Experts say even people who won't earn enough money to owe federal taxes should file a withholding form with their employer.

Personal finance publication Kiplinger said most teenagers won't earn enough money working a summer job to have to file a tax return for the following year. 

But they'll still need to file a W-4 form to indicate how much money should be withheld from their paychecks.

In most cases, tax professionals recommend that teens claim "zero" or "one" withholding allowance.

Regardless how your teen fills out the W-4 form they'll need to have Social Security and Medicare taxes withheld. 

Kiplinger also said a summer job will also be a great time for your teen to start a Roth IRA.

It will give your child a huge head start and teach them about saving for the future. 

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