If your teenager is earning an income and filing taxes as a W-2 employee or a 1099 independent contractor (self-employed), you might wonder how claiming them as a dependent will affect their tax.
Teenagers often begin their working careers with a summer job. Whether they decide to work at the summer camp where they spent so many of their earlier years or grab some hours at their favorite fast.
Just like adults, working teens who paid more taxes than they needed to in 2021 may be entitled to a tax refund. Whether your teen is expecting money back from the IRS or facing a tax bill they will.