Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
Q
qqqqqq
March 2, 2024
Question

Owe taxes even though Tax Liability less than Total Taxes Paid

  • March 2, 2024
  • 1 reply
  • 0 views

In the summary table, TurboTax shows that my "Tax Liability" is ~$2000 lower than my "Total Taxes Paid", but says that I owe ~$1300 in taxes. How do I owe taxes if I paid more than the tax liability already?

    1 reply

    M
    MonikaK1
    March 4, 2024

    If you are looking at the Tax Summary in TurboTax Online, the Total Tax less Total Payments should equal either the amount on the Overpayment line or the Balance Due line. Yes, if you paid more than the total liability including other taxes, you shouldn't expect to see an amount still due.

     

    To see more details than are shown in the Tax Summary, scroll up in the left side menu and select "Preview my 1040".

     

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification