Income Earned as A Minor Lower than Standard Deduction
I am a minor and earned less than the standard deduction on a 1099. Why do I still owe taxes? My employer are my parents. As a minor, I should be exempt from FICA and Medicare/SS taxes, correct?
I am a minor and earned less than the standard deduction on a 1099. Why do I still owe taxes? My employer are my parents. As a minor, I should be exempt from FICA and Medicare/SS taxes, correct?
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