https://ttlc.intuit.com/community/taxes/discussion/i-made-less-than-7-000-turbo-says-i-have-a-12-000-deduction-and-qualified-for-1000-in-credits-but-to/01/422064#M173991 Tue, 04 Jun 2019 21:14:22 GMT help483 2019-06-04T21:14:22Z https://ttlc.intuit.com/community/taxes/discussion/i-made-less-than-7-000-turbo-says-i-have-a-12-000-deduction-and-qualified-for-1000-in-credits-but-to/01/422064#M173991 Tue, 04 Jun 2019 21:14:22 GMT https://ttlc.intuit.com/community/taxes/discussion/i-made-less-than-7-000-turbo-says-i-have-a-12-000-deduction-and-qualified-for-1000-in-credits-but-to/01/422064#M173991 help483 2019-06-04T21:14:22Z https://ttlc.intuit.com/community/taxes/discussion/i-see-that-you-are-using-the-tto-self-employed-version-s/01/422069#M173993 <P>I see that you are using the TTO Self Employed version, so I suspect that you have at least some income that is subject to self-employment taxes.&nbsp;&nbsp;</P><DIV>When you have self-employment income from things like a Schedule C business or a Form 1099-MISC (independent contractor or general business income), you need to pay self employment taxes on that income in addition to regular taxes.&nbsp;&nbsp;The tax rate for self employment taxes is roughly 15% (see link below for full description of these taxes) and that does NOT include the regular income taxes on your taxable income.</DIV><DIV> <BR /> </DIV><DIV>Your standard deduction and nonrefundable tax credits may be reducing your regular taxable income - but they don't reduce self-employment taxes on self-employment&nbsp;income.</DIV><DIV> <BR /> </DIV><DIV> <A rel="nofollow" href="https://www.irs.gov/taxtopics/tc554.html" target="_blank">https://www.irs.gov/taxtopics/tc554.html</A><BR /> </DIV> Tue, 04 Jun 2019 21:14:24 GMT https://ttlc.intuit.com/community/taxes/discussion/i-see-that-you-are-using-the-tto-self-employed-version-s/01/422069#M173993 AnthonyC 2019-06-04T21:14:24Z