Business & farm

Some thoughts --

 

You have not mentioned here whether you have been a salaried or hourly employee to earn the amount you mention.

 

You have not mentioned the kind of work you have been doing.   If you work as an independent contractor, you will be preparing a Schedule C for business expenses.  Do you expect to use your vehicle for the work?   Will you have a home office?   Other kinds of business expenses?

 

 

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

 

https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax

 

 

https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct

 

 

https://blog.turbotax.intuit.com/self-employed/self-employed-tax-deductions-

calculator-2021-2022-50907/

 

https://ttlc.intuit.com/questions/1901110-do-i-need-to-make-estimated-tax-payments-to-the-irs

 

 

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**