Although not all students realize it, income from part-time and summer jobs must be reported to the IRS. If you’re not careful, you may even end up owing the government money.
To avoid this, make sure you fill out your Form W-4 correctly when you start a new job. This will tell your employer how much tax to withhold from your paycheck.
Even if you don’t need to file a tax return, make sure you do so if you have money coming back to you in the form of a refund; otherwise, you’ll lose it.