Your refund amount depends on your tax return. Form 1040 is the US individual tax form that TurboTax will use to report your income, deductions, and credits.
If you had more payments than the amount of your tax due, you'll have an overpayment. This overpayment can either be refunded to you or applied to your taxes for next year.
If you have less payments than the amount of your tax due, you'll have a balance due for the amount of taxes you still owe. This payment will need to be made by the tax filing due date.
Visit our Tax Refund Calculator, tell us about yourself, and let us know if you can claim any tax deductions. Based on your answers, you'll see your estimated income tax refund or amount owed and get a head start understanding your taxes.
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