Solved: If i owe federal taxes, do i get my deductable after paying?
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
kurt_redington
New Member

If i owe federal taxes, do i get my deductable after paying?

I recently had a return of $1,600 coming to me from the IRS, I then received a 1095-A and after filling that out, I now owe the IRS $102. After I pay that $102, will I still get my $1600 refund?
1 Best answer

Accepted Solutions
AbigailH
New Member

If i owe federal taxes, do i get my deductable after paying?

Unfortunately, once that information was added it did change your return to owing the $102 instead of receiving the $1,600. This does mean that you will not be receiving the $1,600.

View solution in original post

7 Replies
AbigailH
New Member

If i owe federal taxes, do i get my deductable after paying?

Unfortunately, once that information was added it did change your return to owing the $102 instead of receiving the $1,600. This does mean that you will not be receiving the $1,600.

View solution in original post

kurt_redington
New Member

If i owe federal taxes, do i get my deductable after paying?

Why would I not get the original $1600? I mean I just paid them the $102 off my credit card yesterday.
AbigailH
New Member

If i owe federal taxes, do i get my deductable after paying?

When the 1095-A was entered was it an amendment or had you not filed yet?
AbigailH
New Member

If i owe federal taxes, do i get my deductable after paying?

This will change the answer drastically.
kurt_redington
New Member

If i owe federal taxes, do i get my deductable after paying?

It was an amendment, I filed back in Feb. 7, and it was accepted, then I received the 1095-A. That's unfair they sent it AFTER I filed.
AbigailH
New Member

If i owe federal taxes, do i get my deductable after paying?

The amendment makes it a good thing. 🙂
AbigailH
New Member

If i owe federal taxes, do i get my deductable after paying?

Since it was an amendment to your taxes and you paid the IRS the $102, you will still receive the $1,600. This is because when you file an amendment, the calculation only calculate for that amendment and not for everything.

If you had not paid right away and had sent in the amendment. If it had gotten to the IRS before your refund was sent back to you, you would then get a refund of $1,498. This is because they would have taken what is due from your return.

Dynamic AdsDynamic Ads
v
Privacy Settings