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Ok I’m head of household It’s only me and make under $40,000 a year I always receive a refund but yet this year when I finish they say I owe them

Trying to figure out how in the world I would owe them I have a mortgage taxes on my house I pay bills just like everyone else and it’s just one of me so trying to figure out how that would equal out to me owing Vincent money something is going wrong here I also was one of the first people to fill out my taxes and still haven’t received a stimulus check so I’m concerned and afraid I may not even receive a stimulus either I live here in Alabama and we don’t really have a voice so I’m trying to figure out what is going on with the government at work hard pay my bills so I deserve my reward Which is my tax refund because I don’t make enough money to display I don’t think so that’s where I buy the things I really need
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2 Replies
DMarkM1
Expert Alumni

Ok I’m head of household It’s only me and make under $40,000 a year I always receive a refund but yet this year when I finish they say I owe them

The best way to see how your tax refund was calculated is to look at the forms.  Notice your taxable income on line 15 and the tax for that on line 17.  Then any credits you were eligible for, followed by the withholding from your paychecks throughout the year on line 25. 

 

Here is how to see the forms in TurboTax online if you have not filed yet.

  1. Click "Tax Tools" in the left hand menu
  2. Click "Tools"
  3. Click "View Tax Summary"
  4. Click "Preview My 1040" in the left hand menu

 

What you have some control over is the withholding amounts.  If you want a bigger refund at the year end, then you need to file a new form W4 with your employer to withhold more.  That means smaller paychecks during the year. 

 

If smaller refunds or even paying a little at year end is ok, then you will have bigger paychecks throughout the year.

 

Here is a calculator to help you set your W4 withholdings at a level that is best for you considering paycheck size and year end refund size.  

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Ok I’m head of household It’s only me and make under $40,000 a year I always receive a refund but yet this year when I finish they say I owe them

It sounds like you might be confused about filing as Head of Household.   You say "it's only me"   ---- if you do not have a qualified dependent that you are supporting you cannot file as head of household.  You file as Single.

 

Am I Head of Household?

https://ttlc.intuit.com/questions/1894553-do-i-qualify-for-head-of-household

https://ttlc.intuit.com/questions/2900097-what-is-a-qualifying-person-for-head-of-household

 

If you qualify as Head of Household, when you enter your filing status (single or married filing separately) into MyInfo, and then enter your qualifying dependent, TurboTax will offer HOH as your filing status.

 

 

You also mentioned someone named "Vincent" though---so who is Vincent and why do you say you owe money to Vincent?   What does that have to do with your tax return?

 

We cannot see your tax return so we do not know what income you entered or whether you owe or are getting a refund.   Did you use the recovery rebate credit in the Federal Review section to enter the stimulus money that you have received so far?   If you did not receive both stimulus checks already then you should see the amount you can still get on line 30 of your Form 1040.

 

If you are getting a tax refund for 2020 it will be on line 34 of your Form 1040.   If you owe federal tax for 2020 it will be on line 37 of that form.

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.

 

 

As for the 3rd stimulus check---that is not going to show up on your 2020 tax return form.  You can check the IRS site to see about your 3rd stimulus check:

 

https://www.irs.gov/coronavirus/get-my-payment

 

 

 

 

If you already e-filed your 2020 return and you are waiting for your return to be processed---if you are getting a refund it will be shown on the IRS refund site.

TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer.  “21 days”  is not a promise from TurboTax or the IRS.   Many refunds are taking longer during the pandemic.  The IRS is backlogged —-they are still trying to process millions of 2019 returns; they received millions of e-filed on the day they opened for 2020 returns, and now they are burdened with sending out another round of stimulus checks.   

 

 

Some delays are resulting from incorrect amounts that folks entered for stimulus checks they received.   Many people have been confused by the recovery rebate credit and completed it incorrectly.  The IRS may delay your refund while they cross-check to see what you received.

 

 

First, check your e-file status to see if your return was accepted: 

https://turbotax.intuit.com/tax-tools/efile-status-lookup/

 

Once your federal return has been accepted by the IRS, only the IRS has any control.  TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.

You need your filing status, your Social Security number and the exact amount  (line 34of your 2020 Form 1040) of your federal refund to track your Federal refund:   

https://www.irs.gov/refunds

To track your state refund:    

https://ttlc.intuit.com/questions/1899433-how-do-i-track-my-state-refund

 

https://ttlc.intuit.com/questions/1901548-why-do-some-refunds-take-longer-than-others

If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing.

https://www.irs.gov/refunds/tax-season-refund-frequently-asked-questions

https://ttlc.intuit.com/questions/2840013-does-accepted-mean-my-refund-is-approved

https://ttlc.intuit.com/questions/2724106-my-return-is-accepted-but-still-not-approved-is-there-a-pr...

 

 

 

 

 

If you actually owe federal or state tax for 2020 you need to pay by April 15, 2021.

 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/direct-pay 

 

 

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-mone... 

 

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-pay...

 

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

 

 

**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.**
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