BillM223
Expert Alumni

Get your taxes done using TurboTax

We in the Community cannot see your private tax data, but let me make an educated guess.

 

Is it possible that all your income was from a sole proprietorship (Schedule C)? That is, from a 1099-NEC?

 

This causes you to have to pay self-employment taxes, which is 15.7% of your Schedule C profit. Since the minimum income tax bracket is 10%, this makes your effective tax rate for the profit from the Schedule C 25.7% minimum.

 

Also, are you listed as a dependent?

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