Submitted by one-eye-owl t3_1263ycv in personalfinance
LoveBulge t1_je8n1gz wrote
Reply to comment by Indian_Pale_Male in My husband and I owe 22k in taxes but we only made a combine total of 75k by one-eye-owl
$75k after the standard deduction for Married Filing Joint, is taxable income of $48k. That's like...$5k federal only. BUT if it's $75k of self-employment income and no deductions, then it could easily hit $16k. Toss in state, then you could hit $20k.
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