DawnC
Expert Alumni

Get your taxes done using TurboTax

Double check your entries and make sure you did not make a typo, especially the federal tax withheld boxes (box 2 on your w-2).   If you did not have enough tax withheld, you may need to give your employer an updated W-4 to increase your withholdings.   How do I update and print a new W-4?

 

Look at your Form 1040 and see if anything looks off.  Preview Form 1040 in TurboTax Online.   Save a PDF copy of your return and make sure there are no extra forms or schedules included.   

 

You should have received Form 1099-R for your IRA rollover.   Contact the custodian to get a copy.  Where do I enter a 1099-R?  Although, a rollover will generally not change your tax situation.  

 

If the 1099s are for taxable income (dividends and interest) and they are large amounts and no tax was withheld, that will increase your tax bill.   The amounts, if large enough, can put you into another tax bracket.

 

Owing taxes unexpectedly can be confusing. There are several reasons why this can happen, including receiving unemployment income or taking on an additional job.  See this TurboTax FAQ 

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