I owe Tax of $11815. When filling tax returns, I filled Total payments/credit to be 11815. I dont think i have any credits and feel this is a mistake. Can anyone clarify?

Forum|Forum|2 years ago
September 17, 2023
4 replies
32 views

No text available

TurboTax Live Deluxe Online

fanfare

Level 15

If you claimed various credits that are not listed in your IRS record of account, IRS will adjust the "amount you owe" and send you a bill.

@keshavpk

NCperson

Level 15

@keshavpk - why do you think you should have a credit? Normally, they take one of three forme

1) withholdings from your W-2 (these are technically payments but do reduce what you owe)

2) estimated payments you made (these are technically payments but do reduce what you owe)

3) reductings in tax, generally this relates to having children or low income, other people in your household that are dependents, tax credits for purchase of an EV or energy related tax credits.

VolvoGirl

Level 15

I don't think we understand your question. Do you have payments or credits on your return you don't know what they are or where they came from? What lines on your 1040 return don't you understand? Did you file an extension? Maybe it thinks you made a payment with an extension?