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Get your taxes done using TurboTax
Hi AraujoGJA, I understand you expect to receive other sources of income in 2022. For the inheritance and foreign 401k there are factors that you need to consider if it is taxable income, including the type of inheritance is property or cash? Coming from a trust or individual? For your income as an independent contractor, that is self-employed income. Many newly self-employed people are surprised at their tax bills at the end of the year because they notice they're suddenly paying a lot more in tax as a self-employed person than as an employee. That's because they're carrying the full burden of paying for their Social Security and Medicare. Here is a great resource for self employed taxes,
https://turbotax.intuit.com/tax-tips/self-employment-taxes/the-self-employment-tax/L8xXjolB4
I hope you find this helpful!
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