turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

If I owe from the previous year does that have an effect on this years taxes?

i owe in 2022, will this affect what i owe in 2023?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

If I owe from the previous year does that have an effect on this years taxes?

no, but if you are due a refund in 2023, the IRS will net what you owe from 2022 against the refund in 2023. 

If I owe from the previous year does that have an effect on this years taxes?

You do not mention whether your 2023 return shows a refund or tax due.   If you owe back taxes, and you are seeing a refund on your 2023 Form 1040, the IRS will reduce your refund by the amount you owe from last year plus interest.   If you have a new tax due amount for your 2023 return--shown on line 37---then you now owe even more and will need to make plans for how you will take care of that.   Are you on a payment plan with the IRS?

**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.**
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies