topic Re: Tax refund in Get your taxes done using TurboTax

Tax refund

RayRidgeway56 — Tue, 18 Mar 2025 00:57:10 GMT

Looks like you have a balance due this year

$1,511

Total due Do this mean I owe

Re: Tax refund

xmasbaby0 — Tue, 18 Mar 2025 01:00:27 GMT

"Tax due" means that you owe----that is the opposite of getting a refund. You will need to pay your tax due by April 15.

If you owe tax due, you have to pay it yourself by the filing deadline on April 15, 2025.

If you have federal tax due you can pay by mailing your payment with the 1040V voucher, (which has the address printed on it, having the payment taken out of a designated bank account, or you can pay directly on the IRS website.

https://www.irs.gov/payments

https://ttlc.intuit.com/community/tax-payments/help/how-can-i-pay-my-federal-taxes/00/26212

https://ttlc.intuit.com/community/tax-payments/help/how-do-i-pay-my-irs-tax-due-with-a-check-or-money-order/00/26403

To apply for a payment plan with the IRS

Apply Online for a Payment Plan

You must pay your state tax due using the state’s preferred method of receiving payment. For most states that will be by making a payment to the state’s own tax website, or by mailing a check or money order.

https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0

Re: Tax refund

LindaS5247 — Tue, 18 Mar 2025 01:01:48 GMT

Yes, if you have a balance due, that means you owe money to the IRS or State for income taxes.

You may owe taxes to the federal and/or state because your withholding is too low. You can adjust your withholding by submitting a new Form W-4 to your employer.

You can use the TurboTax W-4 Withholding Calculator to help you find the right withholding when completing a new W-4. You can use this info to boost your refund or increase your take-home pay.)

Some of the common reasons why you may owe federal taxes are:

You had new sources of income.
Your withholding is not enough.
You had less charitable contributions.
You had fewer medical expenses.
You changed filing status (I.e. changing from Married filing jointly to single will cause a jump in your taxes).
You had less mortgage interest.
You have fewer tax credits, such as Earned Income Credit,, Child Tax Credit, American Opportunity Tax Credit, Lifetime Learning Credit)

Click here for "How do I update and print a new W-4?"

Click here for "Why do I owe taxes?"

Click here for "Video: Why Would I Owe Federal Taxes?

Click here for "Topic no. 202, Tax payment options"