IsabellaG
Employee Tax Expert

Retirement tax questions

Yes, your "Federal Balance Due" is the amount that you owe after your original refund. So it's  the difference between what your refund was as originally filed, and what it should have been when you made corrections.

Keep in mind that you are advised to wait until you actually receive your original refund to file your amended return, so that you can be sure that both you and the IRS are working with the same figures.

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