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Thursday, June 23, 2016. Students, Summer Jobs, and Taxes. Is your child a student with a summer job? Heres what you should know about the income your child earns over the summer. Whether your child is working as a waiter or a camp counselor, he or she may receive tips as part of their summer income. All tip income is taxable and is, therefore, subject to federal income tax. Special rules apply to services performed as a newspaper carrier or distributor. As direct seller, your child is treated as be.CONTENT
This web page learndollarsandsense.blogspot.com states the following, "Thursday, June 23, 2016." We saw that the webpage said " Students, Summer Jobs, and Taxes." It also said " Is your child a student with a summer job? Heres what you should know about the income your child earns over the summer. Whether your child is working as a waiter or a camp counselor, he or she may receive tips as part of their summer income. All tip income is taxable and is, therefore, subject to federal income tax. Special rules apply to services performed as a newspaper carrier or distributor. As direct seller, your child is treated as be."