DaveF1006
Expert Alumni

Deductions & credits

if you are self-employed, you have self-employment tax to consider in addition to federal income tax. Also i am confused by your summary totals you put there. For an example, what is the deduction totals you have listed. This does not resemble any standard deduction amount I am aware of. 

 

Reply back and give us a total of your net income for the year, minus the standard deduction amount so we can give you an accurate summation.  Use this as a guide for Standard Deduction.

 

  • Single or Married filing separately—$13,850.
  • Married filing jointly or Qualifying surviving spouse—$27,700.
  • Head of household—$20,800.

@tanyamedukha 

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