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I am filing my taxes, and I have a w2 and a 1099 from doing door dash. Before I entered my 1099 my refund was larger, but after I entered my income from the 1099 it dropped drastically. Is that normal, I only made $1,400 from door dash, and 26,000 on w2.
AI accountant’s answer:
Yes, this makes sense. Unlike W2 income, 1099 income typically means you have to pay more taxes at the end of the year. There is no refund for 1099 income.
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Answer
Yes, this makes sense. Unlike W2 income, 1099 income typically means you have to pay more taxes at the end of the year. There is no refund for 1099 income.
No answer given yet!
Melissa Pedigo, CPA
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