There are many reasons why you could have a balance due. Some situations could be:
- Your income was from self-employment
- You didn't have enough withholding
- You had fewer deductions, you might not have contributed as much to your 401k
- Your credits changed
- You changed your filing status
You can access your personalized information in TurboTax, review your entries
- Open or continue your return.
- Select Federal from the left menu.
- Choose Federal Review.
If after reviewing your information, you still have a balance, use the TurboTax W-4 Withholding Calculator tool. It'll help you find the right withholding so that you can better plan for your next tax return.
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