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I filed my taxes and was expecting a refund of 7600, I payed the fees with a debit card and now it says I will get 7502 back. Why is this?
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I filed my taxes and was expecting a refund of 7600, I payed the fees with a debit card and now it says I will get 7502 back. Why is this?
Because we have a pay as you go tax system, even if you are receiving a refund, you may owe underpayment penalties.
To determine how TurboTax calculated your tax return,
· Go to Review
· Scrolls down to explain how
· Click How Did You Calculate
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I filed my taxes and was expecting a refund of 7600, I payed the fees with a debit card and now it says I will get 7502 back. Why is this?
Because we have a pay as you go tax system, even if you are receiving a refund, you may owe underpayment penalties.
To determine how TurboTax calculated your tax return,
· Go to Review
· Scrolls down to explain how
· Click How Did You Calculate