AnnetteB6
Employee Tax Expert

Get your taxes done using TurboTax

If your income is due to self-employment, then you are subject to income tax plus self-employment tax.  

 

Your income and filing status determines the tax bracket for your income tax portion.  The self-employment tax is separate from the income tax and is 15.3% of net earnings from self-employment.  The majority of the tax you are seeing on your return is due to self-employment tax.  

 

To learn more, take a look at the following TurboTax article:  What is the self-employment tax?

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