grambuffy Posted April 8, 2008 Report Share Posted April 8, 2008 I thought I read somewhere that a student who has a paper route does not have to claim the income or social security tax on the earnings. I can not now find where I read it and need someone to let me know if I did see it or not. Any one know? Thanks Kathy Quote Link to comment Share on other sites More sharing options...
MargaretMort Posted April 8, 2008 Report Share Posted April 8, 2008 A child under 18 delivering newspapers to customers is exempt from SE tax, FICA and FUTA (IRC 1402)c)(2)(A) amd 3121(B )(14)). This is in The TAX Book. Sounds like they have to pay taxes on the income though. Quote Link to comment Share on other sites More sharing options...
grambuffy Posted April 8, 2008 Author Report Share Posted April 8, 2008 I thought I read somewhere that a student who has a paper route does not have to claim the income or social security tax on the earnings. I can not now find where I read it and need someone to let me know if I did see it or not. Any one know? Thanks Kathy She received a 1099-Misc from the newspaper with no income just $0's on all lines> However, she actually had $6392 in costs of the papers and $3094 in miles driven on route. For that amount of money she should have had something on the 1099 if it was taxable income I would think and then again her interest income of $1400 is taxable. Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted April 9, 2008 Report Share Posted April 9, 2008 It is taxable income, however, it can be reported directly to line 7 because it does not require SE tax. Quote Link to comment Share on other sites More sharing options...
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