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Get your taxes done using TurboTax
I got a W-2 from the church I work at for 58k, a 1099-MISC for 20k for royalties from a homeschool curriculum, and a 1099-NEC for $900 for being a guest speaker. So 79k total. Housing allowance $23,400.
I just can't grasp how, if after deductions, my taxable income is reduced from 79k to 41k, I still have taxes of 19k before credits. That's a tax rate of 46%!
March 6, 2025
7:56 AM