How did my fed balance reduce from $1,622.00 to $1,312.00 ? and my state refund for $310.00 I never got... do the math 310 from 1622 = 1312

8 replies
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IRS took $1,932 .00 from my bank account ...my 1040 form states that I only owed $1,622.00

xmasbaby0

Level 15

Did you actually print out both federal and state tax returns and look at them to see what they say--instead of looking at that confusing summary that appears in your TT account?

**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.**

Lisa995

Alumni - Champ

Could you have owed the state 310? That would add up to the amount that was taken from your bank account 1622+310=1932

♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪

dennisawAuthor

Level 2

I did not owe the state a dime

dennisawAuthor

Level 2

YES I DID PRINT AND READ EVERYTHING

Lisa995

Alumni - Champ

@dennisaw are you sure the IRS took the whole 1932? You see it coming out of your bank account in one lump payment to IRS? or could the state have made an error and debited the 310, instead of depositing the 310?

♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪

Critter

Level 15

Ok ... you were looking at the summary page where the fed balance due (1932) and state refund (310) were being netted (1632) ... you still had to pay the entire federal balance due to the feds and then wait for the state to send you the refund. The state refund can never be sent to the feds directly to pay down your debt since they are completely different taxing authorities.