TomK2023
Expert Alumni

Self employed

Yes, those self-employment expenses should be subtracted from your Gross self-employment income to arrive at your Net self-employment income.  Your self-employment income  is then added to your other income (W2, 1099-R, et.,, depending on your situation).  Your standard deduction is eventually subtracted from your Adjusted Gross Income.

 

Keep in mind that you will also owe Self-employment taxes (SE Tax) on your umpire income.

 

Without looking at the totality of your income, deductions and credits, your "owed" amount can't be determined.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"