- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I'm a dependent, why do I have to pay taxes?
I was a student, live at home and do not pay for more than half of my expenses. Why do I have to pay so much in taxes?
Topics:
June 6, 2019
5:06 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
As a dependent on someone else's tax return, if you work for someone else and get a W-2, you can make up to $6,300 before you start paying taxes. However, if you receive a 1099 misc, you must pay self-employment tax. Self employment tax includes social security tax and medicare tax(both the employer portion and the employee portion).
June 6, 2019
5:06 AM