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New Member
posted Jan 5, 2022 8:56:11 AM

What does TaxCaster Negative Amount Owed Mean

Hello:

 

I used TaxCaster to roughly try and find out if I will have to pay any fed taxes this coming season. The system gave me a value of "Amount Owed: -$526."

 

Does that mean I have to pay $526 in taxes or does it mean I will be getting $526 as money in a refund?

 

Thanks

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1 Replies
Level 15
Jan 5, 2022 8:59:36 AM

Amount owed means you will OWE the IRS ... there is no refund due to you.