Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Aug 17, 2020 7:18:49 AM

Will I receive a tax refund check or do I owe the amount shown

0 3 315
3 Replies
Level 15
Aug 17, 2020 7:27:36 AM

If you are getting a tax refund the refund is on line 20 of your Form 1040. 

 

If you owe tax to the IRS the amount you owe is on line 23.

 

Look at your tax return.

 

PREVIEW 1040

 

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.

 

Level 15
Aug 17, 2020 7:28:24 AM

HOW MUCH IS MY REFUND?  DO I OWE?

No one else can see your screen, your tax return or your account. But YOU can see it.

 

What does it say on the "refund monitor" on the screen?

Look at your Form 1040.  What do you see on line 20?  Line 23?

 Line 20 is a refund

Line 23 is tax due that you have to pay to the IRS

 

PREVIEW 1040

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

 

What does the TurboTax summary show you?  What does it say in Tax Home?

What are your fees?  Are you having them deducted from your federal refund?  If so, then do some math.

How can I see my TurboTax  fees?  

https://ttlc.intuit.com/questions/2565973-how-do-i-review-my-fees-in-turbotax-online

Level 15
Aug 17, 2020 7:28:29 AM

If the refund-O-meter  says tax  due that means you OWE the IRS ...