My estimated tax due right now is about $600. With adding in the over $100 to pay for TurboTax Self-Employed, I'll be out over $700 to file these taxes. I got a job at the end of last year (independent contractor), so it's my first time filing taxes; I understand there is a self-employment tax, but I had no idea so much could be taken from such a small amount. For 2023, I'm expecting to make about 25k, so I am now terrified of how much I'll owe next time. I am obviously not in a position to give away $700; what I didn't spend on my work was used to barely make it through daily life. Am I doing something wrong, or do I really owe this much?
