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Level 1
posted Mar 28, 2025 2:04:41 PM

Why doesn't TT have a running total of taxes due at the top of the screen like it did last year?

It's helpful to know what the rough tax liability is going to be before the return is complete, especially if I need to extend.

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2 Replies
Expert Alumni
Mar 28, 2025 2:05:23 PM
Level 1
Mar 31, 2025 12:14:50 PM

Thank you Catina for the FAQ that tells me that TT won't generate a tax due or refund status until the Federal Review stage of the process.

However, that doesn't help those of us filing an extension who will need to make payment on April 15 anyway. It's important to see the estimate of return tax due on April 15 even if all information is not yet available (e.g. K-1s) to avoid underpayment. Plus estimated taxes for Q1 are also required and those too are based on the 2023 tax liability.

Please bring back the running totals! (It's also instructive to see how various deductions and credits affect tax liability as they are entered)

Thank you