It depends.
By filing a form 1099-NEC (which reports self-employment income), you will owe income tax (as there is rarely tax withheld on a form 1099-NEC) AND self-employment tax.
If you are eligible for the EIC and the CTC (child tax credit), you may get a refund.
These two credits are refundable. If these credits are larger than your tax due (income tax + self-emplyment tax), then you will get a refund. If they are smaller than your tax due, you will owe taxes.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
