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Self-employment tax question
I made $3230.40 on a 1099-NEC as an independent contractor working as an emergency physician and paid $915 in estimated taxes. I entered this into TurboTax Deluxe and under the "Self-Employment Tax" section, it calculates my self-employment taxes as only $87. It doesn't allow me to adjust it. This seems low because I thought self-employment tax rate is around 15.3% so it should be closer to $490. Thanks in advance for your help!
-Steve
March 8, 2023
1:20 PM