2206817
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

iceman99
Returning Member

ACA tax credit

I e-filed my return back in early march before the ACA but I haven't sent in my payment yet. Now I owe a lot less. What should I do? Do I send in my payment and hope to get a refund or amend my return and send in the new amount owed?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

ACA tax credit

I have seen no guidance by the IRS or anything posted in this forum that would answer your question.  you have until  5/17 to pay. hopefully, the IRS will post additional guidance.  

ThomasM125
Expert Alumni

ACA tax credit

It would seem prudent to not send in more than what you owe since it may be difficult and take some time to get the overpayment back from the IRS. If you get a penalty for underpayment of tax, you can normally get it reversed if you have good cause for not paying your tax on time, as you would in this circumstance.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question