turbotax icon
turbotax icon
cancel
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
turbotax icon
cancel
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Family Tax Credits & Early Filers on Jan 29! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Yes No
lily-mcgrail
New Member

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

 
posted
‎April 17, 2022 1:30 PM
last updated ‎April 17, 2022 1:30 PM
0
2
177
Reply
Bookmark Icon
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
xmasbaby0
Level 15
Level 15

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.**
‎April 17, 2022 1:34 PM
150
Reply
Bookmark Icon
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.

‎April 17, 2022 1:37 PM
0
145
Reply
Bookmark Icon

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Featured forums
Taxes
Lower Debt
Investing
Self-Employed
All topics
Live Assisted: Get answers to all your tax questions! Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Live Assisted. Explore your options!
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question

Related Content

mynameismynameandonlymyname
cc6953
TWDesigns
dmbornstein
tristanrose

Did the information on this page answer your question?

thumb-up Yes
thumb-down No
close icon
checkmark

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

and start working
on your taxes

File your taxes, your way

Get expert help
or do it yourself.

Get started
close icon
icon help

Access additional help, including our tax experts

Post your question

to receive guidance
from our tax experts and community.

Connect with an expert

Real experts - to help
or even do your taxes for you.

Get started