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

" 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."----> The IRS recently has been examining the transaction records of Pay Pal, the online payment firm. The IRS suspects many taxpayers have not reported income earned from sales on eBay. Beginning in 2011, certainlarger PayPal payment amounts must be reported to the IRS automatically.

" 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 "----> No matter what type of online business you are running, you all have one thing in common: you are responsible for paying taxes on your income. You need to keep track of all your income and expenses. I guess you can file a schedule either Sch C or C-EZ,a simple form. if your net income( that’s total sales minus expenses) level on line #4 on Sch SE is $400 or more then You must pay SE tax and file Schedule SE (Form 1040).Self-employment tax (SE tax) is a social security and Medicare tax primarily for individuals who work for themselves, like yoursself.The self-employment tax rate is 15.3%. The rate consists of two parts: 12.4% for social security (old-age, survivors, and disability insurance) and 2.9% for Medicare (hospital insurance).For example, if the amount on line #4 on Sch SE is $400 or more than $400, then you need to multiply the amount by 92.35% and multiply 15.3% . Assume that the amount on #4 Sch SE is $10,000( I assume that your income $$15,600 minus expenses, $5,600=$10,000) then 92.35% of $10,000=$9,235 and multiply SE tax rates 15.3%, then your SE tax liability amount will be;$1,413;15.3%*$$9,235. You can deduct 50% of this amount on your tax return by reporting it on line27 of 1040( you'll file form 1040, with schedule C or C-EZ, and schedule SE).
For further info on Sch C or C-EZ, please visit the IRS Web site here; http://www.irs.gov/pub/irs-pdf/f1040sce.pdf
Federal income tax is a pay-as-you-go tax. You generally have to make your estimated tax payments if you expect to owe tax, including SE tax, of $1,000 after credits or more when you file your return. I gues you are not subject to Kiddie tax unless yu have unearned income.
Most states require you to pay personal income tax. Each state has different tax laws. If you live in a state imposing taxes on its residents, yu also need topay your state taxes,too.

As you know, you must file an income tax return if your taxable income exceeds the filing threshold for your filing status and age, even if you expect to owe no taxes; because of the many government programs that provide benefits ,i.e., tax refund or etc.