Video Tips: Taxes & Summer Jobs for Your Children

With summer just around the corner, it's the perfect time to explore employment opportunities for your teenage children. In 2024, the standard deduction for a single individual has increased to $14,600, allowing your child to earn up to this amount from their summer job without paying any federal income tax on their earnings.

Let's dive into how this can benefit your family financially and provide valuable work experience for your child.

Share this article...

Sign up for our newsletter.

Each month, we will send you a roundup of our latest blog content covering the tax and accounting tips & insights you need to know.

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .

We care about the protection of your data.

Get in Touch with MeredithCPAs

You can count on us for professional, timely and reliable tax and accounting services. If you’re ready to get started, just fill out this form and we’ll be in touch.

222 W. Las Colinas Blvd, Ste 1570E, Irving, Texas
I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .
I consent to receive SMS messages and agree with the