New Member

posted Jun 4, 2019 2:41:54 PM

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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1 Best answer

Level 1

Jun 4, 2019 2:41:55 PM

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

1 Replies

Level 1

Jun 4, 2019 2:41:55 PM

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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