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Retirement tax questions
Ok thanks, I think I understand. So just to recap. My total income of 80,000 had a $3600 return coming. When I added in my $3900 from 1099 MISC my return dropped to $1800. So essentially, I owe $1800 in taxes on $3900 of income? Is that correct? So 47% tax?
Didn't think I was in that tax bracket.
That would mean off my $80K I only take home about $44k?
Thanks for your patience, first time with the 1099 stuff.
Have a great day!
Didn't think I was in that tax bracket.
That would mean off my $80K I only take home about $44k?
Thanks for your patience, first time with the 1099 stuff.
Have a great day!
May 31, 2019
11:02 PM