Tax Planning Center Deductions Record Keeping Tax Return Preparation and Filing Paying Taxes on Your Teen’s Summer Job It’s usually an exciting venture when a teenager gets their first summer job. But what does it mean for the parents and the teen when it comes to paying taxes on that income? 5 Things You Didn’t Know Were Tax Deductions You might have tax deductions hiding in babysitter payments and those extra supplies you bought for the classroom last year. Smart Options for Your Tax Return It’s never too early to plan how to wisely use your tax return. Your best options are easy to see if you already know your long-term goals. Go to main navigation