@lacorshaj You will not be able to determine that until all of your information has been entered. Employers have until February 1 to issue your W-2(s), and many of the other tax documents you may be getting like 1098's or 1099's will not arrive or be available until January or even February. So you wait until ALL of it has been entered and the "refund monitor" on screen will show your tax refund or tax due (meaning how much you owe), and more importantly -- you will be able to see your refund or tax due on your tax return --federal Form 1040 and your state return (if you are in a state that has a state income tax).
If you are getting a federal tax refund it will be on line 34. If you owe federal tax it will be on line 37 and has to be paid by April 15, 2021.
Since this is your first time to prepare a tax return, please ask questions here in the forum if anything confuses you. It is way better to ask questions and prevent mistakes than to file an incorrect return and then have to go through the aggravation of amending! Mistakes are a lot easier to fix BEFORE you file the return! Happy New Year!
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
