I had a return of $218 before i entered a 1099 of $2960. It now says I owe $684. That is a $902 difference. Why is that?????

posted

Self-employment tax and income tax. In addition to regular income tax, you pay self employment tax of $418 on that income. In addition, if you were eligible for credits like the Earned Income Credit, it may be reduced as a result of this additional income.