@DAyers wrote:
Hello!
I filed our taxes in February and just got our refund on the 10th of March. I just realized the amount deposited is short $854 from what Turbo tax and the IRS website says we are getting. When I checked our transcripts it says it's due to a Schedule H.
I am kind of confused as to what exactly a Schedule H is. I am a sole prop, I sell through my Etsy shop and my own website, I don't have any household employees. Is the Schedule H for self-employment taxes that need to be paid? Because every other year I've done this, those were automatically taken out as I went along and filled out my information. Should I be getting this money back? It's very frustrating that Turbo Tax told us one amount and now we're short this much money.
The Federal Schedule H is your share of Household Employee tax and has nothing to do with self-employment.
Self-employment is reported on schedule C and the Self-employment tax on schedule SE.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
