Do Teenagers Pay Taxes on First Paycheck?
Yes — teenagers pay taxes on their first paycheck, but not always the ones people expect. FICA taxes (Social Security and Medicare) come out of almost every teen paycheck from day one. Federal income tax depends on total annual earnings and how the W-4 was filled out. This guide covers exactly what taxes come out of a teenager’s first paycheck, whether they will owe anything at tax time, and when they need to file a return.
