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March 6, 2022
Question

I am a full time student. I made $7012 total, between my job

  • March 6, 2022
  • 1 reply
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I only had $88 federal tax withheld.  TurboTax is saying I owe $200 more for federal tax.  Is it because I made more than the $5740 standard deduction? !

1 reply

VolvoGirl
Employee
March 6, 2022

What was the income from?  You got a W2.  How much was the W2?  For a dependent the Standard Deduction is your earned income plus 350.  

 

Did you also get a 1099NEC?  1099NEC is self employment income and you owe self employment tax on it it.