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April 8, 2025
Question

I filed a 1099 nec and I'm receiving a $0 federal refund even though I am claiming my daughter as a dependant. How so?

  • April 8, 2025
  • 1 reply
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    1 reply

    JohnB5677
    April 8, 2025

    I suggest you look at your tax return

     

    Did you file the 1099-NEC as a Schedule C business?

    Did you make a profit?

    Did you have any other income?

    The standard deduction for Head of Household is:

    • $21,900 – Head of Household 

    You can preview your tax return by going to:

    1. On the menu bar on the left that shows.
    2. Select Tax Tools
    3. On the drop-down select Tools
      1. Tip: If you don't see the dropdown for Tools,
      2. Minimize the federal and state options using the down arrow.
    4. On the popup menu
    5. Select View Tax Summary
    6. On the left sidebar
    7. Select Preview my 1040.
    8. Schedules 1,2 & 3 are included if you scroll down past your 1040.
    9. To return to the entry screens press Back on the sidebar.

    Some key numbers on your 1040 tax return are:

    Line 9 - Total Income

    Line 11 - AGI

    Line 15 - Taxable Income

    Line 19 - Child Tax Credit

    Line 24 - Total Tax.

    Line 25 d - Withholdings.

    Line 26 - Estimated tax payments

    Line 27 - Earned Income Credit

    Line 28 - Additional Child Credit

    Line 33 - Payments including Credits.

    Line 34 - Overpayments.

    Line 37 - Tax owed.

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