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Self employed
We cannot answer that question without seeing all the numbers.
It is very possible that you could still owe more if you did not pay enough.
Your self-employment income is subject to your regular income tax as well as a 15.3% Self-Employment tax. Your regular income tax is determined by your tax bracket. So you would add your W-2 income to your self-employment net income to arrive at your AGI.
Although it is possible that you will owe more, it is also possible that you could get a refund. This will all be based on your actual numbers, your other credits and deductions. It is highly un-likely that you will end up with a $0 balance, neither owing anything or getting a refund.
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‎April 4, 2025
7:45 AM
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