Carl
Level 15

Deductions & credits

@Opus 17 neither of us has enough information to work with. I am not assuming the OP works as a W-2 employee for the company as the only possibility. What if "the company" is a real estate agency and the OP is a realtor? Kinda far-fetched I think for $75K.  While not impossible, I'm sure that's not the only possibility out there. It's just the only one I can think of right now. Just covering all basis.

Another (bad) example would be a fuller brush salesman. But I don't think any of those folks are around anymore. 🙂