Does my working teen still qualify as a dependent on my taxes?

My teens got their first jobs this year. When do they no longer qualify as dependents? Is there an income maximum they shouldn’t exceed or else it has unpleasant tax repercussions for the parent? Whether you are the parent or the teen, landing that first job is a milestone for most families. While the younger […]

School’s out for the summer, so let’s get to work

School is out for the summer, which is an ideal time for your children to earn a little money and gain some experience at the same time. Bringing them in to work for you is a good idea, but first, keep in mind the following when employing family members: Make sure the job is legitimate. Your […]