I received two 1099 forms after I had already filed my return. I had a total of $1840 between the two and the charge for taxes was $557. Is 30.27% normal? Seems high to me. I paid because tomorrow is the deadline and I am not paying interest. Can you feel my anger?
02244
2 Replies
JohnB5677
Expert Alumni
Apr 14, 2025 7:51:56 AM
Do you have Social Security?
Check your Form 1040.
Compare the amounts on line 6b
Once you start paying tax on Social Security it can be 30+%
Each dollar on the 1099 is another amount added to taxable Social Security.
Omendez
New Member
Apr 14, 2025 10:29:18 AM
To JohnB5677
I am not claiming SS just yet. I just turned 55.
My 1099 is just a weekend thing I do for extra income.