SharonD007
Expert Alumni

Deductions & credits

There are several reasons why you may owe taxes even if you paid estimated taxes during 2022 which affect your taxable income. Some common reasons are:

 

  • New sources of income 
  • Fewer deductions
  • Fewer credits
  • Change in filing status

 

Refer to TurboTax Help article Why do I owe taxes? for additional information.

 

Also, check your state tax return to ensure that the estimated tax payments are entered in TurboTax. 

 

  1. Launch TurboTax
  2. In the left menu, select State Taxes and then Your State Returns
  3. Select Edit next to your state return
  4. Type estimated tax payments in the search bar then select Jump to estimated tax payments
  5. You should be at the Estimates and Other Income Taxes Paid screen
  6. Select Start or Edit by State estimated taxes for 2022
  7. Answer the interview questions to ensure that the estimated tax payments are entered correctly.

 

If you still need assistance, please contact us again.

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