Activities that are common in the summer often qualify for tax credits or deductions. Working a summer job might not you enough to owe federal income tax, they should remember to file a return to get a refund for taxes withheld early next year. <\/p>\n\n\n\n
Here are some summertime tax tips from the IRS that can help taxpayers during tax season next year:<\/p>\n\n\n\n
Martial tax bliss- Newlyweds should report any name change to the Social Security Administration before filing a tax return. Also, report any address changes to the United States Postal Service, any employers, and the IRS.<\/li>
Cash back for summer day camp- Unlike overnight camps, the cost of summer day camp may count as an expense towards Child and Dependent Care expenses.<\/li>
Part-time and summer work- Employers usually must withhold Social Security and Medicare taxes from your paycheck, even for part-time and seasonal workers. Self-employed workers or independent contractors need to pay their own Social Security and Medicare taxes, even if they have no income tax liability. Normally, employees receive a Form W-2 from their employer by January 31 of the following year. The Form W-2 shows the amount of earnings, withholding for state and federal taxes, Social Security, Medicare wages and tips. Employees use the information on this form when they file their tax return.<\/li><\/ul>\n\n\n\n
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If you need tax help and would like to speak with an attorney, call our law office at 816-524-4949 or visit our website at Hoorfarlaw.com<\/p>\n","protected":false},"excerpt":{"rendered":"
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