When I compare my taxable income to the IRS Tax Table Turbotax determines I owe more tax than the IRS has written. Can somebody tell me why?
You'll need to sign in or create an account to connect with an expert.
Do you have a business with a net profit? If so, you will owe Self-Employment taxes which are separate from federal income taxes.
Do you have a business with a net profit? If so, you will owe Self-Employment taxes which are separate from federal income taxes.
@DoninGA You were spot on correct. The difference equals my self employment tax. Thank you very much👌🏼
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
JustAnotherPersonWithTaxQuestion
New Member
Larry-Alongi1
New Member
meg-han77
Level 1
G349NW
New Member
KGHWI
New Member