T
Joined:
09/29/2005
Posts:
413
Likes:
212
I don’t believe she would owe taxes
I don’t think she would owe any taxes (under the threshold). If you indicate no withholding on her W2 with employer, you can avoid letting Uncle Sam hold on to her unnecessary withholding and thus avoid having to file a return just to get her refund next year.
Thread Replies (10)
filling out tax forms for summer job for 16-year-old
-- Dan1993
Jun 25, 2025 at 08:14 PM ET
Dan1993
•
06/25/25 08:14 PM ET
While it is not specifically your question, see if you can talk her into
-- Tafkam Hokie
Jun 26, 2025 at 06:53 AM ET
Tafkam Hokie
•
06/26/25 06:53 AM ET
It wouldn't suck if she threw $1K into a Roth now.**
-- EDGEMAN
Jun 26, 2025 at 02:11 PM ET
EDGEMAN
•
06/26/25 02:11 PM ET
Even as young adults it's sound advice. I tell me kids to max out Roth
-- MCL3 Hokie
Jun 26, 2025 at 08:57 AM ET
MCL3 Hokie
•
06/26/25 08:57 AM ET
Yes, putting money into a Roth when young is a great idea
-- Tafkam Hokie
Jun 26, 2025 at 09:15 AM ET
Tafkam Hokie
•
06/26/25 09:15 AM ET
Especially since they won't be paying taxes on what they'll earn...
-- EDGEMAN
Jun 26, 2025 at 02:14 PM ET
EDGEMAN
•
06/26/25 02:14 PM ET
Tremendous advice. I've had my daughter do it for a couple of years.
-- radhokie1
Jun 26, 2025 at 08:53 AM ET
radhokie1
•
06/26/25 08:53 AM ET
Create an offshore account and convert her wages to bitcoin with the help
-- PhotoHokieNC
Jun 26, 2025 at 02:33 AM ET
PhotoHokieNC
•
06/26/25 02:33 AM ET
I don’t believe she would owe taxes
◄
-- turner66
Jun 25, 2025 at 08:43 PM ET
turner66
•
06/25/25 08:43 PM ET