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Turbotax has offset what I owe for federal taxes with my state return. Is that correct?

Forum|Forum|6 years ago
March 9, 2020
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TurboTax Deluxe Online

Best answer by VolvoGirl

No that will not happen. At the end Turbo Tax does show you the net combined federal and state. But that is only for your own info. You will get the full state refund and need to pay the federal either by direct debit or check or credit card. You can never have a tax due on one deducted from a refund.

VolvoGirlAnswer

Employee

No that will not happen. At the end Turbo Tax does show you the net combined federal and state. But that is only for your own info. You will get the full state refund and need to pay the federal either by direct debit or check or credit card. You can never have a tax due on one deducted from a refund.

M

mattso75Author

Thanks for the quick reply. When I printed the forms for payment, the 1040-ES shows the adjusted amount to pay (Federal tax minus state return), and the 1040-V shows the full amount owed for federal taxes. It's now confusing which I need to pay.

VolvoGirl

Employee

Oh, the 1040ES. Those are not for your tax due. They are estimated payments for NEXT year so you don't owe again. Those are optional to pay. You can ignore them or send in the extra payments. They are just a suggestion from Turbo Tax.