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What does federal tax due mean

 
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What does federal tax due mean

Federal tax due means that you owe that amount and must pay it to the IRS. You are not getting a federal refund.  

**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.**

What does federal tax due mean

I didn’t owe on my initial return, so why do I now on my amended return ?

What does federal tax due mean

What did you change or add on the amended return?  Guess you have to pay back some of the original refund.  You should not amend until the original first return is fully processed and you get the first refund.

What does federal tax due mean

I just added another w2 and didn’t change anything and I’ve received my original refund already

What does federal tax due mean

That’s common.  When you add more income it usually reduces your refund.  So you have to pay some of it back now.  You would have gotten a smaller refund on your initial return if you had entered both W2s.

Here’s a longer explanation.  Because you only get one standard deduction no matter how many W2s you put in. Turbo Tax starts out by giving you the Standard Deduction.  You entered more income when you entered the second W2 but you didn't enter more deductions.  And each job only withheld taxes like it was your only job for the year.  You might want to adjust your withholding.  Also as you add more income you might not be getting as many credits as before like the EIC credit.  And it was probably giving you the EIC credit until you went over.

See, https://ttlc.intuit.com/questions/2273878-why-did-my-refund-drop-when-i-entered-another-w-2


What does federal tax due mean

Will I still receive my state taxes

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