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Teens & Taxes: How Can I Be Sure My Teenager Won t Be Accidentally Taxed on P2P Transactions?

Teens often send money to friends using popular person-to-person payment platforms like Venmo and PayPal. But new tax laws for 2022 could make these transactions trickier from a tax perspective. We.

Teens & Taxes: How Does Declaring Your Employed Teenager as a Dependent Affect Their Taxes?

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.

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