self employed
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Returning Member

self employed

My husband and I are self employed in trucking. We only worked in January and earned $12,540. Our deductions way exceed our income but when I enter them we still owe taxes, I don't understand this?

2 Replies
Level 15

self employed

If you are self-employed, you owe self-employment tax (see link below), which is separate from income tax.

Employee Tax Expert

self employed

That does not make sense to me. If you have negative income, you don't have a tax liability. If you had a positive income, I would say the self employment taxes must be paid.


I feel like there is a missing piece to the puzzle. Oh, I see @tagteam popped in an answer while I was typing and included my favorite link - to the business center. Great link, It has videos too.


This one is for you, Trucking Tax Center



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