Do Minors Get Taxes Taken Out Of Their Paycheck?

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Who Is A Minor?

A minor is a person who has not yet reached the age of majority. In most states, that age is 18. A minor does not have the legal capacity to enter into contracts and other legally binding agreements. This means that minors cannot buy property, sign leases, or make medical decisions without parental consent. Minors also do not possess the same rights as adults when it comes to privacy and criminal actions.

Do Minors Get Taxes Taken Out Of Their Paycheck?

Yes, taxes are deducted from minors’ paychecks. Generally, any individual who earns money must pay taxes on that income, regardless of age. This applies to both traditional employment and self-employment.

State Tax Law For Minor

State tax law for minors states that minors are not required to pay taxes, but any income that they earn is still subject to taxation. This means that minors must include their earnings on their parent’s tax returns, and any refunds or credits will be sent directly to the parent or legal guardian.

Exemptions & Credits Available

Providing financial support for your minor children can be a difficult task. The good news is that there are numerous exemptions and credits that can lessen the burden of paying taxes. Understanding the different types of tax exemptions and credits that are available to minors can help you make the most of your tax filing process.

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