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Is it normal to owe taxes on a first time filing?? Single dependence, and working a normal job.

 
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2 Replies

Is it normal to owe taxes on a first time filing?? Single dependence, and working a normal job.

Owing tax has nothing to do with whether you are filing for the first time.  It has to do with whether you had enough tax withheld from your paychecks.  if you did not have enough withheld then it is possible for you to owe the IRS and/or your state.

We do not know what you mean by a "normal job."  Do you have a W-2 that shows federal and state tax withheld in boxes 2 and 17?  Or did you receive a 1099Misc from which no tax was withheld?  

 

Are you someone else's dependent?  Have you checked all of the amounts you entered to make sure they were entered correctly?

**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.**
KatrinaB48
Expert Alumni

Is it normal to owe taxes on a first time filing?? Single dependence, and working a normal job.

Yes, this can be normal. The amount of tax you owe on your return depends on the amount of tax you had withheld. If you did not have enough tax withheld during the year, then you must pay the difference in tax liability at the end of the year. You should file a new W-4 withholding form so that you can have more tax withheld during the year. This will help you manage the amount you will owe or refund you will receive on your 2020 return.Please follwo the directions below to complete a new W-4 form.

If you haven't filed your 2019 return yet, use the power of TurboTax to generate a new W-4 form. The W-4 calculations in your program are up to date with current tax rates.

Already filed your 2019 return? Use our online W-4 Withholding Calculator at TurboTax.com instead.

Here's how to generate and print a new W-4 using TurboTax. We recommend having your most recent pay stub handy:

  1. Open or continue your return.
  2. Inside TurboTax, search for W4 and select the Jump to link.
  3. Answer Yes to Do you want to change your W-4 withholdings for 2020?
  4. The following screens will ask you for your filing status, number of dependents, expected income, deductions, and other factors. Answer the questions as best you can for the most accurate result.
  5. You'll eventually come to Print Form W-4 Results. Select the button(s) to print your W-4 form(s).
  6. Print (or make) a second copy for your records and give the original to your payroll department. Do not file the W-4 with your tax return.
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