what is a 2023 tax liability

[jwmcneil85]

why do i have a tax liability from 2023

[SusanY1]

Can you clarify for us where you see this liability?  That will help ensure that we can better address your question.  

[Bsch4477]

It means you owe tax on your 2023 return. We can’t see your return. 

[VolvoGirl]

Your 2023 tax liability is the total tax on 1040 line 24.  It doesn't mean you still owe that.  It probably needs to know your 2023 tax liability to see if you have a penalty for not paying enough withholding and estimates for 2024.  

[srmartel]

OK, I'm still confused - I paid my 2023 taxes through turbotax and on time, why would I be getting this additional thing. And that's $379 more than I paid last year - so they're saying I have to DOUBLE what I paid?

My income in 2023 was 1/2 what it was in 2024. Is it trying to say bc I managed to get a better job, I need to retroactively review 2023 and pay more?

Below is the check in "review" we're talking about:

[LindaS5247]

No, it's not saying that you have to pay the 2023 tax liability.  The TurboTax program is using your prior-year tax liability to determine if you have to make estimated taxes and if you owe any underpayment penalties for 2024. 

Click here for Estimated Taxes: How to Determine What to Pay and When

Click here for Estimated taxes

Click here for additional information on "How to Determine What to Pay and When"