Should CO taxes due be less? We paid $6710 in CO state taxes. Total CO state taxes totals $6950. Turbotax says we owe $339 but isn't the amount $240?
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heidi-pennink
New Member

Should CO taxes due be less? We paid $6710 in CO state taxes. Total CO state taxes totals $6950. Turbotax says we owe $339 but isn't the amount $240?

 
3 Replies
Vanessa
Level 3

Should CO taxes due be less? We paid $6710 in CO state taxes. Total CO state taxes totals $6950. Turbotax says we owe $339 but isn't the amount $240?

Is there a penalty?
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SteamTrain
Level 15

Should CO taxes due be less? We paid $6710 in CO state taxes. Total CO state taxes totals $6950. Turbotax says we owe $339 but isn't the amount $240?

...or use tax (line 14 )?  OR voluntary Contributions (line 28)?
*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
heidi-pennink
New Member

Should CO taxes due be less? We paid $6710 in CO state taxes. Total CO state taxes totals $6950. Turbotax says we owe $339 but isn't the amount $240?

I figured out where the extra came from after further digging--thanks, no more responses needed!! :  )

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