If I made 13,325.00 on 1099 and I have 2 dependants how much would I get back after paying the taxes I owe
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If I made 13,325.00 on 1099 and I have 2 dependants how much would I get back after paying the taxes I owe
You would owe NO income taxes, as the combination of your standard deduction and THREE personal exemptions exceed your $13,000+ income.
You may have a self-employment tax liability, depending on what expenses you incurred while earning the income.
If your dependents are children that make you eligible for the Earned Income and Child Tax Credits, your refund could exceed $3,000.
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