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View Full Version : 2008 1099 Tax percentage


aglubbers2
Jan 22, 2009, 12:32 PM
Hi, I am a college student, but took a summer internship that was considered 1099- employed. I do have other jobs, that are all considered W-2 employed. But, my question was when filing my taxes, what percentage should I expect to pay on that 1099 income?

Any insight would be appreciated,

Thank you!

AtlantaTaxExpert
Jan 22, 2009, 02:24 PM
The biggest difference between a 1099 job and a W-2 is the requirement to pay the 15.3% self-employment tax.

As to how the rest of the income is taxed, I would need to know the amounts.