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June 4, 2019
Solved

I filed my taxes and was expecting a refund of 7600, I payed the fees with a debit card and now it says I will get 7502 back. Why is this?

  • June 4, 2019
  • 1 reply
  • 0 views
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Best answer by CarolynM

Because we have a pay as you go tax system, even if you are receiving a refund, you may owe underpayment penalties.

To determine how TurboTax calculated your tax return, 
·       Go to Review
·       Scrolls down to explain how
·       Click How Did You Calculate

1 reply

CarolynMAnswer
Employee
June 4, 2019

Because we have a pay as you go tax system, even if you are receiving a refund, you may owe underpayment penalties.

To determine how TurboTax calculated your tax return, 
·       Go to Review
·       Scrolls down to explain how
·       Click How Did You Calculate