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jcoleman
New Member

If my daughter's taxable income of $4533 has a tax rate of .10, why is the tax owed coming up $1141 instead of $453 ?

Return is for my daughter

Total Income            $16,880

Federal Deductions  $12,347

Taxable Income          $4533

Credits                              $6

Tax Owed                  $1,141

Why is tax owed so much higher than applicable tax rate of .10 ?

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1 Best answer

Accepted Solutions
Rachel_W
Expert Alumni

If my daughter's taxable income of $4533 has a tax rate of .10, why is the tax owed coming up $1141 instead of $453 ?

If part of your daughter's total income is from Self-Employment (Schedule C), she is also subject to Self Employment Taxes in addition to income taxes.

For more information on the Self Employment Tax, check out the TurboTax FAQ below:


https://ttlc.intuit.com/replies/3301474

View solution in original post

1 Reply
Rachel_W
Expert Alumni

If my daughter's taxable income of $4533 has a tax rate of .10, why is the tax owed coming up $1141 instead of $453 ?

If part of your daughter's total income is from Self-Employment (Schedule C), she is also subject to Self Employment Taxes in addition to income taxes.

For more information on the Self Employment Tax, check out the TurboTax FAQ below:


https://ttlc.intuit.com/replies/3301474

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