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We are receiving SS and earned 23,500 last year with the 26,000 standard deduction I have zero taxable income. why do I owe 3,300 tax?

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We are receiving SS and earned 23,500 last year with the 26,000 standard deduction I have zero taxable income. why do I owe 3,300 tax?

Was your income from self-employment?

We are receiving SS and earned 23,500 last year with the 26,000 standard deduction I have zero taxable income. why do I owe 3,300 tax?

Yes

We are receiving SS and earned 23,500 last year with the 26,000 standard deduction I have zero taxable income. why do I owe 3,300 tax?

You owe approx 15% self-employment tax.

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