Dependent Affect Their News Today

The Internal Revenue Service is recommending that taxpayers e-file their taxes this year as the safest, most secure way to file. If you're owed a refund, it is also the way to get your money the...

If your teen worked as a 1099 independent contractor or a W-2 employee and earned more than the standard deduction of $12,550 for 2021, they will need to file federal income tax returns. Depending on...

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...

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...