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riley885
New Member

My daughters return she received a w2 and a 1099misc total income is 4335 why are they taking money from her? Why would she not get back all the 206 she paid in?

she is 17

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jerry2000
Alumni

My daughters return she received a w2 and a 1099misc total income is 4335 why are they taking money from her? Why would she not get back all the 206 she paid in?

It is because of the 1099-MISC income. You have to pay self-employment tax on any self-employment income that is more than $400. The se tax rate is 15.3%. Age doesn't matter and student status doesn't matter.

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1 Reply
jerry2000
Alumni

My daughters return she received a w2 and a 1099misc total income is 4335 why are they taking money from her? Why would she not get back all the 206 she paid in?

It is because of the 1099-MISC income. You have to pay self-employment tax on any self-employment income that is more than $400. The se tax rate is 15.3%. Age doesn't matter and student status doesn't matter.

View solution in original post

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