IRS Payment Plan

[nemjmsg]

Im on a payment arrangement play with the IRS. Ive started my tax return and im getting some money back from Federal (not a lot) because im assuming my federal tax return will cover what i totally owed. I have not yet filed my taxes and im continuing to make payments. Will my return be bigger if i continue to pay and file my taxes later this year?? Ive made about 2 payments this year and i still dont see a change on my extimated Federal tax return every time i restart the  filing process.

[xmasbaby0]

If you owe back taxes, the 2024 federal refund you are seeing is going to be taken by the IRS toward the tax you still owe.  You do not have to enter anything about that on your tax return.  The IRS knows and will take care of it automatically.   TurboTax never knows about back tax you owe or payment plans you are on, so nothing is going to change in your TT account in regard to that.

[fanfare]

You must stay current on your plan.

any number of issues could arise with your 2024 tax filingcausing delays.

@nemjmsg