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April 17, 2023
Question

total tax due

  • April 17, 2023
  • 1 reply
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Why is the total tax due more than the percentage indicated for the tax bracket? 

1 reply

CatinaT1
April 17, 2023

Are you self-employed? You pay income tax according to your tax bracket, but you also pay 15.3% self-emplyment tax.

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atmallaAuthor
April 17, 2023

Thank you.

I am filing as an independent marketing consultant and received 1099-NEC and some unemployment income.  Semi-retired. After deductions, the taxable income was $8k change but total tax due is $2.9K. So, was wondering!