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Level 2
February 6, 2022
Question

I owe

  • February 6, 2022
  • 1 reply
  • 4 views

I owe money on my federal and i was wondering how would i figure out if i owe on 2021 taxes or the prior year ? 

    1 reply

    Level 15
    February 6, 2022

    @Brittjoan99 Each tax year is separate.   Your 2021 tax return only shows what you owe for 2021.   It does not show anything for what you might still owe for 2020.   Did you owe tax due for 2020 that you have not yet paid?

     

     If you have federal tax due you can pay by mailing your payment with the 1040V voucher, (which has the address printed on it, having the payment taken out of a designated bank account, or you can pay directly on the IRS website. 

     

    https://www.irs.gov/payments

     

     

    https://ttlc.intuit.com/community/tax-payments/help/how-can-i-pay-my-federal-taxes/00/26212

     

     

    https://ttlc.intuit.com/community/tax-payments/help/how-do-i-pay-my-irs-tax-due-with-a-check-or-money-order/00/26403 

     

    You must pay your state tax due using the state’s preferred method of receiving payment.  For most states that will be by making a payment to the state’s own tax website, or by mailing a check or money order.

    https://ttlc.intuit.com/questions/1900884-what-are-my-options-for-getting-my-state-refund-or-for-paying-any-state-taxes-i-owe

     

    https://ttlc.intuit.com/questions/1901670-how-do-i-contact-my-state-department-of-revenue

     

     

    To apply for a payment plan with the IRS

     

    Apply Online for a Payment Plan

    **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.**
    Level 2
    February 6, 2022

    I think i did owe for 2020 but it was only a few dollars and i paid that already was just wondering because i am just trying to figure out if i am getting my return back or not ? 

    Level 15
    February 6, 2022

    @Brittjoan99 What does it say on your tax return?   If you are getting a refund it will be on line 35a.  If you owe it is on line 37.   It cannot be both.

     

    PREVIEW 1040

     

    https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

    Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

    **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.**