Skip to main content
Level 1
June 5, 2019
Solved

Last year, I had 2 jobs. One gave me a W2 for taxes and one I was 1099 as a contractor. I need to know how to figure out how much I paid in taxes for the 1099 job.

  • June 5, 2019
  • 1 reply
  • 9 views
No text available
Best answer by Zbucklyo

I assume you are referring to 2016.  If you are a contractor, you ordinarily would not have had taxes withheld at all.  You are considered self-employed, and owe both self-employment tax and regular income tax on your net profit from the contracting job.  You file a Schedule C as part of your income tax filing to report the 1099 income less any business expenses you might have had.

1 reply

ZbucklyoAnswer
Level 8
June 5, 2019

I assume you are referring to 2016.  If you are a contractor, you ordinarily would not have had taxes withheld at all.  You are considered self-employed, and owe both self-employment tax and regular income tax on your net profit from the contracting job.  You file a Schedule C as part of your income tax filing to report the 1099 income less any business expenses you might have had.