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traceyl47
New Member

Does it mean that I owe Federal and State taxes if it says Federal balance due?

If it says I owe Federal and State taxes and it is asking how do I want to pay my federal taxes. Do that mean I owe the IRS?
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1 Reply
Rachel_W
Expert Alumni

Does it mean that I owe Federal and State taxes if it says Federal balance due?

Yes, if it says "Federal Balance Due"  that means that you owe the IRS this year and won't be receiving a refund.  If you owe for your State Taxes it would say the name of your State followed by "tax due".

Please see the TurboTax FAQ below for more information:

https://ttlc.intuit.com/replies/4260403

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