It looks like teenagers are returning to the job market this summer. With some schools already shutting their doors, teens are heading out—and into restaurants, pools, and other seasonal opportunities. According to the latest employment data, nearly 256,000 teens aged 16-to-19 years old picked up jobs in April, the highest number for that age group in over a decade.
All new employees, including seasonal workers, are required to complete a Form W-4. A W-4 is used to help an employer determine how much federal tax to withhold from your paycheck.
Form W-4 used to be quite confusing with loads of instructions. Now, it’s just a few pages long, with most of the additional pages reserved for taxpayers who have more than one job, dependents, or special circumstances. Single taxpayers with no dependents who work just one job need only fill in a few boxes and sign.
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