in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
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No, there is no special rule that says a minor gets all of their money back. It is based on how much they made. If they made more than $12,000 or if you had income from self-employment you will have to pay taxes.
State laws vary, but for many states, it is the same. You pay taxes on your income regardless of age.
No, there is no special rule that says a minor gets all of their money back. It is based on how much they made. If they made more than $12,000 or if you had income from self-employment you will have to pay taxes.
State laws vary, but for many states, it is the same. You pay taxes on your income regardless of age.
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