Summer jobs

Do you have a teenage child working this summer? In a summertime “Tax Tips,” the IRS offers several tips for young people with summer jobs. For example, students who are waitstaff should know that all tip income is taxable. They must keep a daily log to report their tips to their employers, and report $20 or more in cash received in any single month. And they must report all yearly tips on their tax returns. Go to to see all the tips for student workers.