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I have a main job, but I did a freelance last year. TurboTax calculated and told me how much I owed for Self-Employment Tax. Did it just deduct this from my return?
I owed less than $1000 in self-employment taxes. It shows the amount on my filed tax report but I am not sure if it was deducted?
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June 30, 2020
9:23 PM
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Get your taxes done using TurboTax
Yes, your refund was reduced by the amount of the self-employment tax. Actually the self-employment tax is just added to your regular income tax. The total tax is paid out of the tax that was withheld from your pay, and whatever is left is your refund.
June 30, 2020
10:03 PM