Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jan 14, 2024 10:14:36 AM

Still owe taxes from last year do I claim what I have already paid and will they take what I still owe out of my refund this year

0 2 1344
2 Replies
Level 15
Jan 14, 2024 10:18:31 AM

Prior year taxes owed or paid are not entered on the current year, 2023, tax return.

If your 2023 tax return has a tax refund the IRS will seize the refund and apply the amount to the taxes owed.  If the taxes owed are not satisfied with the refund, the IRS will send you a bill in the mail for the remaining taxes owed plus penalties and interest.

Level 15
Jan 14, 2024 10:19:32 AM

The federal tax you paid---or have been paying during 2023-- is not deductible on your your 2023 tax return, so, no you do not enter it.  And....if your 2023 Form 1040 shows a refund, the IRS will offset that refund and keep as much as you still owe.  You do not enter anything about that----the IRS knows already.