Calculating your tax liability depends on various factors including your filing status, deductions, credits, and applicable tax rates. Assuming you're a single filer in the United States with no other sources of income or deductions, here's a simplified breakdown for the tax year 2024:
For a $10,000 income, the standard deduction for a single filer in 2024 is $12,950. This means you wouldn't owe any federal income tax as your income is below the standard deduction. However, if some of your income is subject to self-employment tax or other taxes, the calculation would be different.
It's important to note that tax situations can vary greatly depending on individual circumstances. For accurate information specific to your situation, it's recommended to consult with a tax professional or use tax preparation software.