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Get your taxes done using TurboTax
If you make more than the 2025 standard deduction amount of $15,000 you will be subject to owing federal tax on the amount over $15,000 that you make. Is your employer going to issue a W-2 to you? Are they withholding Social Security and Medicare from your paychecks? If you are a W-2 employee, they have to withhold SS and Medicare even if they are not yet withholding federal or state tax. If they are going to issue you a 1099NEC--watch out---because that will mean you owe tax if you make even $400 of "self-employment" income and you will have to pay for Social Security and Medicare yourself. Make sure you know if you will be getting a W-2 or a 1099NEC.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
May 6, 2025
1:57 PM