Teen PayPal Tax Hi,
I am 16 and I am a pro blogger that has a question about how I handle my online pay.
I get paid $300 a week via PayPal and I have been getting paid that for about a month. Now this PayPal account is a student account and is not linked to any of my social security information or anything, not even a bank account. I do on the other hand have a debit card for this account and that's how I spend my money... So I never have it in my hand.
So do I need to pay tax, how often do I pay, and how much would you think I pay...
A lot of my money goes to Phones, computers, and technology which usually means I can deduct it from my income since it's regard for my job (I am a cell phone blogger).
Thanks,
WM |