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zchen35
New Member

Does the overpayment in state tax form match with turbotax summary

I had finished all my tax filings and am ready to mail out. Turbox tax summary is telling me that my balance is $0 for Louisiana tax. However at the form IT-540 i got from turbotax, i have a overpayment of $369, which means that the state is supposed to refund me that money. I had talked to the agent and she asked me to ask a tax expert, which i am upset because i paid for tax filing and ended up didn't even know whats my state tax balance. The tax form literally said adjusted overpayment of $369. But by any chance overpayment of $369 means a balance of $0
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1 Reply
DawnC
Employee Tax Expert

Does the overpayment in state tax form match with turbotax summary

Your balance due would be $0 if you are getting a refund.   Did you apply your refund to next year?   Look at your Louisiana tax return (Form IT-540).   Do you see the $369 on Line 37?   If so, you will get a refund (or direct deposit) for that amount after the state processes your return.  

 

If the amount is on Line 36 instead, you elected to apply your refund to 2025.    

 

What tax form showed an adjusted overpayment?  

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