since i am a full time student and self employed what tax deductions can I recieve....?

Question

Being a full time student and married , husband can't work do you think I will have to pay anything in.....

Answer 1

Yes. Have you been paying estimated taxes? You have to do that if you are self-employed. Also, unless you took a loss on your business, then you are going to have to pay taxes on everything you made. You can claim your tuition and book cost in order to reduce what you owe, but you are still going to have to pay.

Answer 2

I'm self employed, and a full time student, and a single mother and I have to pay in taxes every year

Answer 3

Being a student will probably make you eligible for an education credit for part of your tuition.

Expenses for your business will be deductions.

Whether you pay or not depends on how much you made. If you haven't been making estimated quarterly payments, you will almost surely have to pay something.

Answer 4

your self employment earnings is declared on sch C and the interior maximum exemption and time-honored deduction do no longer enter into the entries on sch C if the internet volume on sch C(earnings much less agency expenditures) is $4 hundred or greater you owe self employment tax, Sch SE it extremely is all forwarded to your 1040, the Sch C is declared the line that denotes agency earnings once you have found your gross earnings and AGI if have any credit that prepare, then you certainly prepare your guy or woman exemptions and time-honored deduction it extremely is amazingly attainable your self employment is probably no longer taxable for earnings tax however the self employment tax must be paid while you're 25, it extremely is earned earnings and might desire to in all probability entitle you to a pair EIC

Answer 5

yes i think you have to pay but not that much so maybe 1 or 2 percent

Answer 6

i know you can you get better deals being self employed