Skip to main content
April 18, 2022
Question

How much money am i going to have to pay?i have three different numbers and im really confused

  • April 18, 2022
  • 1 reply
  • 0 views
I have my taxes coming out of my bank account soon. It says that i owe $785 in federal but it says that total 2021 taxes that are due is only $132. what does that mean? how much do i actually owe?

1 reply

fanfare
Employee
April 18, 2022

Turbotax tries to confuse you by subtracting any state refund from the federal amount you owe.

Don't be fooled.

Employee
April 18, 2022

LOOK at your actual tax forms if you are confused.   The summary given by TurboTax nets out the difference between federal owed and state due, or vice versa.   If you are getting a federal refund it is on line 35a of your Form 1040.  If you owe federal tax it is on line 37.

 

Then look over your state return.   We do not know what state you have so cannot give you line numbers but it should not be too hard to eyeball whether you owe the state or are getting a state refund.

 

 If you have federal tax due you can pay by mailing your payment with the 1040V voucher, (which has the address printed on it, having the payment taken out of a designated bank account, or you can pay directly on the IRS website. 

 

https://www.irs.gov/payments

 

 

https://ttlc.intuit.com/community/tax-payments/help/how-can-i-pay-my-federal-taxes/00/26212

 

 

https://ttlc.intuit.com/community/tax-payments/help/how-do-i-pay-my-irs-tax-due-with-a-check-or-money-order/00/26403 

 

 

To apply for a payment plan with the IRS

 

Apply Online for a Payment Plan

 

 

You must pay your state tax due using the state’s preferred method of receiving payment.  For most states that will be by making a payment to the state’s own tax website, or by mailing a check or money order.

https://ttlc.intuit.com/questions/1900884-what-are-my-options-for-getting-my-state-refund-or-for-paying-any-state-taxes-i-owe

 

https://ttlc.intuit.com/questions/1901670-how-do-i-contact-my-state-department-of-revenue

**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.**