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After you file
Yes, there is the self-employment tax to consider on $1448 self-employed income. The self employment tax is computed as follows. ($1448)(.153).9235)=$205. Your tax based on your income is ($1726)(.10)=$173. These are ball park figures.
Now your total tax liability is $205 + $173 = $378 After applying the credit, your Tx Due is $277. I know this differs from Turbo Tax by $1 and this may be attributed to a rounding difference.
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‎February 21, 2025
4:39 PM
1,441 Views