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June 1, 2019
Question

If my federal deductions are greater than my income why would i owe income tax

  • June 1, 2019
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1 reply

June 1, 2019

If you have income from 1099-MISC, you could be getting charged self-employment (SE) tax. The deductions reduce your regular income tax, but SE tax is the social security and medicare tax that you did not pay when getting income from a 1099.