Get your taxes done using TurboTax

You've almost answered your own question.

Entering $11,000 in the Self-Employment income section yields a Federal tax owed of $1,115 (10.1%). Isn't the self-employment tax 15.3%? Is this only for US-sourced income?

• You get a standard deduction of $12,950, so there will be no income tax assessed.
• You are correct that the self-employment tax is 15.3%.
  • I expect that you took expenses of $7,288.
  • That would yield self-employment tax of $1,115.

Instead, entering $11,000 in the Foreign Earned Income section (without claiming the Exclusion) yields a Federal tax refund of $417. Why would I not have to pay taxes on this? For the exercise, I pretended to claim the Exclusion and it brought down the amount to $0 (expected).

• I can see that you would not owe any taxes, but I'm Not sure where the refund came from.
• You may wish to take a look at your tax return (1040)

1. On the menu bar on the left that shows.
   1. My Info
   2. Federal
   3. State
   4. Review
   5. File
2. Select Tax Tools
3. On the drop-down select Tools
4. On the popup menu
5. Select View Tax Summary
6. On the left sidebar

Select Preview my 1040.

Line 15 - Taxable Income

Line 24 - Total Tax.

Line 25 - Withholdings.

Line 33 - Payments including Credits.

Line 34 - Overpayments.

Line 37 - Tax owed.