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New Member
posted Jan 20, 2024 11:06:11 PM

Is federal tax refund the amount of what I'm getting back in taxes ?

0 9 1165
9 Replies
Level 15
Jan 20, 2024 11:42:06 PM

It is.

Level 15
Jan 21, 2024 5:54:36 AM

Refund = money you get back

 

Tax Due = money you owe and have to pay to the IRS or state

Level 15
Jan 21, 2024 6:25:51 AM

Look at your Form 1040.   Line 35a shows your refund.

 

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

New Member
Jan 21, 2024 12:15:08 PM

I'm in disbelief with this 

 

New Member
Jan 21, 2024 12:16:26 PM

Someone please tell me if I'm wrong but does this sound correct ?

Level 15
Jan 21, 2024 12:18:44 PM

You need to check your data entries.  You might have added some zeros or misplaced decimal points.  The comma and the decimal are next to each other on the keyboard so it is easy to strike the wrong key.  Avoid trying to enter commas or decimals into the software whenever possible.

New Member
Jan 21, 2024 12:20:59 PM

Thanks . I'm just gonna walk in a tax office near me they should be able to correct my misunderstanding 

Level 15
Jan 21, 2024 12:22:02 PM

Did you have $25,000 in federal tax withholding?   W2 box 2.  Maybe you typed the decimal point in the wrong place or left it out or made a typo.  Check your W2 box 2.  If you haven't filed yet delete the W2 and manually enter it.  

Level 15
Jan 21, 2024 12:28:28 PM

Agree----my best bet is that "$25 thousand plus" of withholding!    Bet that was supposed to be about $2500 hundred ish instead.          Unless you made a LOT of money as shown in Box 1.