Made 2200.00 for the year on a 1099 misc, filing single, no deductions....it is less than the standard deduction and turbo tax deluxe is show a tax owed of 300. how is that possible?
You'll need to sign in or create an account to connect with an expert.
Generally, you don't have to file taxes if you made less income than the standard deductions, but there are exceptions to this.
TurboTax may be considering your Form 1099 income to be self-employment type income, if you received a 1099-MISC or a 1099-K. If so, this would generate roughly $300 in self-employment tax. Please see the TurboTax FAQs below for more information.
Why am I paying self-employment tax?Generally, you don't have to file taxes if you made less income than the standard deductions, but there are exceptions to this.
TurboTax may be considering your Form 1099 income to be self-employment type income, if you received a 1099-MISC or a 1099-K. If so, this would generate roughly $300 in self-employment tax. Please see the TurboTax FAQs below for more information.
Why am I paying self-employment tax?Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
lloydtlambert
New Member
KMeadiws09
New Member
Kirkbus20
New Member
mi1954
New Member
cbkj1599b
New Member