topic I added a 1099-MISC for approximately $2500, why would my tax return decrease by almost $1000? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/i-added-a-1099-misc-for-approximately-2500-why-would-my-tax-return-decrease-by-almost-1000/01/597100#M242615 Thu, 06 Jun 2019 05:22:30 GMT c1999610 2019-06-06T05:22:30Z I added a 1099-MISC for approximately $2500, why would my tax return decrease by almost $1000? https://ttlc.intuit.com/community/taxes/discussion/i-added-a-1099-misc-for-approximately-2500-why-would-my-tax-return-decrease-by-almost-1000/01/597100#M242615 Thu, 06 Jun 2019 05:22:30 GMT https://ttlc.intuit.com/community/taxes/discussion/i-added-a-1099-misc-for-approximately-2500-why-would-my-tax-return-decrease-by-almost-1000/01/597100#M242615 c1999610 2019-06-06T05:22:30Z On self-employment income, you pay 15.3% self-employment... https://ttlc.intuit.com/community/taxes/discussion/on-self-employment-income-you-pay-15-3-self-employment/01/597112#M242618 On self-employment income, you pay 15.3% self-employment tax in addition to regular income tax. If you are in the 25% marginal tax bracket, the total tax on the self-employment income would be 40%, which is about what describe. Thu, 06 Jun 2019 05:22:32 GMT https://ttlc.intuit.com/community/taxes/discussion/on-self-employment-income-you-pay-15-3-self-employment/01/597112#M242618 jerry2000 2019-06-06T05:22:32Z