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March 4, 2020
Question

Turbotax added $523 to what I owe after entering my side business income. From what I've read it should only be $296

  • March 4, 2020
  • 1 reply
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1 reply

Employee
March 5, 2020

You have not provided enough information for anyone to know if the amount makes sense or not.  We cannot see your screen, your tax return or your account.  

 

Be aware that if you had self-employment income you have to pay about 15.3% for Social Security and Medicare PLUS ordinary income tax in your tax bracket.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**