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jjbcrb2
New Member

I have been paying $500 back each year with my taxes. TurboTax says to pay $1,000 this year. Has anyone else had a problem, and how did was it resolved?

I think I'll use a different tax company.
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2 Replies

I have been paying $500 back each year with my taxes. TurboTax says to pay $1,000 this year. Has anyone else had a problem, and how did was it resolved?

If you have back taxes owed and are on a payment plan, TurboTax has no information whatsoever concerning the plan you are on or what you should be paying.

Your post is confusing.  What are you trying to do in the TurboTax program.

Vanessa A
Employee Tax Expert

I have been paying $500 back each year with my taxes. TurboTax says to pay $1,000 this year. Has anyone else had a problem, and how did was it resolved?

Are you saying you owe that much with your return each year?  If so, you should be making quarterly estimated payments.  These vouchers print with your return but you can also pay them online.  It is based on your income and taxes withheld or estimated payments made.

 

If you are self-employed then you would need to pay the SE taxes which are 15.3% of your profit.

 

Do you normally get a refund and the amount that it says to pay is with the vouchers and you don't need to pay them?  If you have enough withheld from your wages and are expecting a refund, then you can simply ignore the vouchers.  However, if you pay less than 100% of last years tax liability or 90% of the current year tax liability, you will end up needing to pay a penalty for underpayment. 

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