@malla wrote:
Thank You, but I am still a little confused. My tax withholdings, from my employer, are 115K and I overpaid my taxes by 33k. If withholdings are considered a liability than I have a tax liability of 82K (115k – 33K = 82K). I do not have any other credits. If my liability is 82K than shouldn’t my refund go up by $7500?
Look at the 2020 Form 1040 Line 18. That is your tax liability before any tax credits.
