ThomasM125
Expert Alumni

Get your taxes done using TurboTax

The self-employment income is subject to self-employment (social security) tax of close to 15% on the net income from self-employment. So the minimum tax would be over $200. You can deduct any expenses that are ordinary and necessary for the service performed. Also, there are a couple extra forms that need to be prepared when you are self-employed, that is why the tax product costs more.

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