Question

Is a college internship with a 1099-NEC considered self-employed? It seems like the tax rate is extremely high for a college student.

Forum|Forum|3 years ago
February 5, 2023
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TurboTax Deluxe Online

Yes. A 1099-NEC is considered self-employment. The IRS considers anyone to be self-employed if they are not an employee, i.e. had no employment tax withheld. Age or type of work doesn’t matter.

The taxes are high for a college student because you are paying income tax plus self-employment tax (Social Security and Medicare) because nothing was withheld from your pay.

You can claim ordinary and necessary expenses against your income.

The ultimate guide to tax deductions for the self-employed

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