I have a 1099-Misc for $2,430.00 This is the only income I have. It is saying I owe $961.00 in federal taxes. Why is this so high? I thought it was 15%

[JohnW15]

If you'll go into "Forms" mode in TurboTax, check to see if you have Schedules 2 or 4 there.  If you do, click on whichever of those is present, and you'll be able to see what taxes you might owe in addition to regular income tax.

[bokesmuddha]

thanks

[JohnW15]

You bet, I'm going to answer this question (as opposed to a comment) so that your question can be closed.  

[JohnW15]

You may owe additional taxes, based on information that you've entered in TurboTax, that you're not aware of.

If you'll go into "Forms" mode in TurboTax, check to see if you have Schedules 2 or 4 there. 

If you do, click on whichever of those is present, and you'll be able to see what taxes you might owe in addition to regular income tax.