Hey. I know lots of people under 18 that sign up for paypal. I'm 14. I am gonna recieve some money soon for a design I made. When I sign up for paypal, I'll give him my paypal id, and I;ll get the money. Just wondering. What about taxes? I have no clue how this stuff works. I wanna just use the money to buy some iTunes songs
Im sure lots of people on paypal are underage, and to me it don't matter. Taxes are paid by paypal unless your selling but TBH I doubt many pay taxs on templates! *NB I have no clue what I am talking about
Just about any money you receive the government wants their cut. Generally if you make less than $600 in a year you don't technically have to report it, but you might want to consider talking to an accountant if you plan on doing this more than once. I've been paying taxes since I was 12, the government doesn't care how old you are.