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My income is $1k. My standard deduction is $5k. Why do I owe $227 in taxes?

 
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2 Replies

My income is $1k. My standard deduction is $5k. Why do I owe $227 in taxes?

Sounds like you are someone else's dependent.   What kind of income did you have?   Was it self-employment income?   If so, you have to pay self-employment tax for Social Security and Medicare.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
DonaW
New Member

My income is $1k. My standard deduction is $5k. Why do I owe $227 in taxes?

One possibility is the standard deduction may apply to federal income tax, which is not carried over to your state and you owe state taxes.

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