Tax form

lol, omg, too bad I've already done taxes for my last couple of jobs. hahaha, anyways, let's say the person is in the US and making a small amount of around $1,000 a month.

 

$12,000....some in the 15% bracket then 10%, or all of it would be in a 10% bracket!!!!! Much better than 28% or higher! Tax owed...way less than $1,000, after everything that can knock it down!!!

 

After doing my taxes using turbotax, I have to pay around 30% of my online earnings to the IRS. Is this correct? Im claiming all the money paid to adwords and advertising. This is my first year reporting money earned online. I wonder if this is normal? help!!

 

30% of what amount?
Do you work from home?

 

I dont wanna say how much i earned but it's a decent amount.
I work from home, but my wife and I have also regular 8-5pm jobs.

 

I think mine is a good amount for a single 18 year old about to go to college, lol.

 

I hope you deducted part of your rent/mortgage

 

I did. I'm deducting part of the mortgage plus utilities,etc.

 

they will send 1099 to U.S publishers who submited W-9 form and earn over $600 per year.

 

So you should pay more taxes