Question

I owe over 700 dollars for SSA and retirement income

Forum|Forum|5 years ago
February 6, 2021
1 reply
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Last year I paid only 206 dollars to IRS. This year I worked part time and made 18k and withheld 1118 dollars but it says that I owe 756 dollars more. I haven't done my deductions yet. will this figure change?

G

gloriah5200

Yes, you need to input all the income and deductions to see the final results of refund or balance due situation. It will continue to change until it has been completed.

Your final balance due or refund is based on your income, age, standard or itemized deductions and other deductions on your return.

All these things and more could change the balance due on your return being reported until you finally have everything input.