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New Member
posted Jun 4, 2019 4:35:46 PM

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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3 Replies
Level 15
Jun 4, 2019 4:35:47 PM

Was your income from self-employment?

New Member
Jun 4, 2019 4:35:48 PM

Yes

Level 15
Jun 4, 2019 4:35:50 PM

You owe approx 15% self-employment tax.