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Does the refund due amount include paying self-employment taxes? Or is that deducted? Refund due says $862, self-employment says $842. Is my refund $862 or $20?
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posted
June 6, 2019
10:37 AM
last updated
June 06, 2019
10:37 AM
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Does the refund due amount include paying self-employment taxes? Or is that deducted? Refund due says $862, self-employment says $842. Is my refund $862 or $20?
Your self-employment tax comes out of your refund like this:
Tax is figured (line 56, 1040)
Self-Employment tax is figured (line 57) and added to regular tax (line 63)
Withholdings and other payments (line 74) are subtracted (line 75).
Your refund already has the self-employment tax taken into account.
June 6, 2019
10:37 AM
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Does the refund due amount include paying self-employment taxes? Or is that deducted? Refund due says $862, self-employment says $842. Is my refund $862 or $20?
Your self-employment tax comes out of your refund like this:
Tax is figured (line 56, 1040)
Self-Employment tax is figured (line 57) and added to regular tax (line 63)
Withholdings and other payments (line 74) are subtracted (line 75).
Your refund already has the self-employment tax taken into account.
June 6, 2019
10:37 AM
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