topic Re: AMOUNT OWED in State tax filing

AMOUNT OWED

ddgallip — Thu, 20 Feb 2020 02:05:50 GMT

turbo tax states i owe $779.00 iras up to a certain amount are not taxable, government pensions are not taxable likewise social security

how come i owe this amount

[name removed]

Re: AMOUNT OWED

KathrynG3 — Tue, 18 Feb 2020 22:46:55 GMT

It depends. Your total income will determine whether social security is taxed and how much is taxed. TurboTax will automatically calculate this for you.

Additional resources explaining why social security income is taxable:

This article explains: Is my Social Security income taxable?
See 2019 IRS Publication 554 page 12 for the formula the IRS uses to determine the tax.

Options for paying income taxes in retirement:

See this Social Security resource if you want to withhold income taxes throughout the year from your social security checks.
Contact your broker if you would like a percentage withheld from your required minimum distributions.
This article explains: How do I make estimated payments?

Re: AMOUNT OWED

ddgallip — Thu, 20 Feb 2020 02:05:19 GMT

I am talking about ny states rules-not the federal government's rules ny states social security is not taxed

thanks

[name removed]

Re: AMOUNT OWED

ddgallip — Wed, 19 Feb 2020 00:33:53 GMT

i am talking about the state of ny-not federal governemt

Re: AMOUNT OWED

ddgallip — Fri, 21 Feb 2020 21:48:18 GMT

no i asked for the total amount i owe you (turbo tax)-not the amount i owe new york

dale d, gallip

ps the amount i owe new york is not $779.00 but $452.00

Re: AMOUNT OWED

ddgallip — Fri, 21 Feb 2020 21:53:44 GMT

no i asked for the total i owe you (turbo tax) not the amount i owe new york $779.00

dale d. gallip

ps the amount i owe new york is $452.00 not $779.00

Re: AMOUNT OWED

AmyC — Fri, 21 Feb 2020 21:58:26 GMT

For NY, Social Security is not taxable. Pensions earnings are taxable. Page 18 of the NY instructions say:

If ... the pension or distribution amount was included in your federal AGI, enter any pension you received, or distributions made to you from a pension plan which represents a return of contributions in a year prior to retirement, as an officer, employee, or beneficiary of an officer or employee of:..

Page 19 states:

$20,000 limit – You may not take a pension and annuity income exclusion that exceeds $20,000, regardless of the source(s) of the income.

Depending on your income, you may have taxable NY income.

Re: AMOUNT OWED

ddgallip — Sat, 22 Feb 2020 13:11:24 GMT

How much do I owe turbo tax?????

dale d. gallip

Re: AMOUNT OWED

ddgallip — Sun, 23 Feb 2020 01:50:31 GMT

how much do i owe turbo tax

[removed]

Re: AMOUNT OWED

KatrinaLO — Sun, 23 Feb 2020 02:50:45 GMT

There is no e-file fee for federal or state returns when you are using TurboTax Deluxe Online version. You only pay for the software to prepare those returns in. Please see the information below about pricing to file your federal and state taxes:

https://ttlc.intuit.com/community/taxes/discussion/i-m-using-turbotax-deluxe-what-is-the-cost-to-e-file-federal-return-only/00/477041

If you choose to have TurboTax fees deducted from your federal refund there is an additional fee of $39.99

Re: AMOUNT OWED

ddgallip — Thu, 27 Feb 2020 20:52:56 GMT

where is my refund-how much do i owe you (turbotax) how do i pay state of new york income tax)

thanks

dale gallip

Re: AMOUNT OWED

ThomasM125 — Thu, 27 Feb 2020 22:01:33 GMT

You can view your TurboTax fees as follows:

Click on the "Tax Tools" option on your left menu bar, then choose "Tools", then "My Fees". If you feel your fees are not correct, please click on the "Help with My Fees" option at the bottom of the "My Turbo Tax Fees" screen for suggestions on how to reduce your fees.

Choose the "File" menu option to finalize your tax return and submit it to the taxing authorities either by e-file or mail. You will be told how much you owe in taxes and you will be given on option for how you want to pay any tax due.