How much would I owe on a 20,000 1099 if I am single with no dependents. I also have another 9,000 on a w-2. I

I am from Nebraska

Answer:
I will give you a ballpark figure based on info provided. Federal tax would be about $2755. State tax about $1600.00. Depending on what kind of 1099 you have you may also have to pay self employment tax which would be an additional 15.3% to the Feds. If the 1099 is from self employment work you may have deductions which would lower all three amounts above. You may also have other deductions. See a tax professional for the best results. I would suggest someone with the enrolled agent designation.
20,000 + 9,000 = 29000 - 5000 - 3200 = 20,800 taxbl income.

= $2766 Fed tax due

= $777 Ne State tax
______
$3543 total tax

If the 1099 is a 1099 Misc. and the money is earned income as opposed to interest money then add 15.3 % for SE tax of the net amount of money brought in from your businness. (ie subtract your buz expenses first.

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