Why is the total tax due more than the percentage indicated for the tax bracket?
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Are you self-employed? You pay income tax according to your tax bracket, but you also pay 15.3% self-emplyment tax.
Thank you.
I am filing as an independent marketing consultant and received 1099-NEC and some unemployment income. Semi-retired. After deductions, the taxable income was $8k change but total tax due is $2.9K. So, was wondering!
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