Monday, May 19, 2014

IRS Special Edition Tax Tip 2014-13: Tax Information for Students Who Take a Summer Job

IRS Special Edition Tax Tip 2014-13: Tax Information for Students Who Take a Summer Job

Summer is right around the corner for most High School students in the U.S.

Many students will be working a job this summer for the very first time. 

While most people have heard the term "Income Tax," or people ranting and raving about having to pay taxes, the IRS has information about what you can expect when it comes to your income and taxes.

Many young people will not even be required to file a tax return on monies earned, because that amount is often just a couple of hundred dollars. On the other hand, if the worker would like to get the Federal and State tax withholding returned, they may want to go ahead and file a tax return.

Although I am often angered by the way our tax, medicare and social security withholdings are spent or managed, I have always been taught that our method of taxation is a way that we can all pitch in for the big ticket items like roads, bridges and other infra-structure type things that we could never afford individually.

I think that corporations that call themselves American companies should required to pay their parts of this National plan, and let all of us equally enjoy the partnership of everyone involved pitching in.

Some High School students may want to look into the opportunities available during the Summer, with the U.S. Government.** Today I received an announcement of several opportunities for those interested in Interning with the E.P.A. (Environmental Protection Agency). These are well paid positions, and help young and disadvantaged youth get a foot in the door.

Finding & Applying for Jobs with the U.S. Government - YouTube

**USAJOBS - EPA Biologist Scholarship program 

ATF Internships -

One of the best things about applying with JOBS.Gov is that once you enter all of your information onto the site, you simply sign up for a feed of the type of jobs you are looking for, and apply. Of course, as your work history changes you will need to update.

Good Luck out there!