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I’m trying to understand how I owe

 
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2 Replies

I’m trying to understand how I owe

You are posting from TurboTax Live.  You can arrange for the Live help  with your questions from 5 a.m. to 9 p.m. Pacific time.

https://ttlc.intuit.com/questions/4124827-how-do-i-connect-with-a-tax-expert-in-turbotax-live

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
LeticiaF1
Employee Tax Expert

I’m trying to understand how I owe

There are many reasons why you could have a balance due.  Some situations could be:  

 

  • You had additional income, or you received a bonus.
  • You did not have enough withholding.
  • You had fewer deductions, so you might not have contributed as much to your 401k.
  • Your credits changed, you did not pay childcare this year, or one of your children aged out of the Child Tax Credit
  • You changed your filing status.

You can access your personalized information in TurboTax, review your entries.

 

  1. Open or continue your return.
  2. Select Federal in the left menu.
  3. Choose Federal Review.

If after reviewing your information, you still have a balance, use the TurboTax W-4 Withholding Calculator tool.  It will help you find the right withholding so that you can better plan for your next tax return.  

 

As xmasbaby0 mentioned, you can get more assistance and connect with someone using TurboTax Live.  

 

@4bb4ff64d9b6 

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