I am self-employed and it looks like I will end up making around $8,000 by the end of the year. I added up my expenses and that was around $6,000. Since my office is around 20% of my home I took 20% of the $6,000 which is $1200. Using the tax estimator on HR Block it said I would owe around $1,000 without putting any expenses into it, with the expenses added it still says I would owe around $937. How can this be correct when I have $1,200 in expenses? Please help.
Thanks!
2007-12-05
21:36:22
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2 answers
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asked by
Sniggly_Snew
2
in
United States