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How do I know if I will owe taxes for self employment?

If I add a income as self employment (independent contractor) will I still owe the IRS or does turbo tax calculate what I owe and take it off what I'm getting back?
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1 Reply
IreneS
Intuit Alumni

How do I know if I will owe taxes for self employment?

TurboTax will calculate any self-employment taxes and add them to your tax bill.  They will be subtracted from any refund you are getting.

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