, employee turbo Tax Specialist June 7, 2019 5:00 PM “State Tax Due” means that the taxes withheld from your wages (or otherwise paid in by you) are not enough to cover the amount of tax you actually owe to the state for which you are filing. You will need to send them an additional payment – this is the State Tax Due.
Another thing we wondered was: what does tax due mean on my tax return?
Federal tax due near the top of your screen means you owe that amount to the IRS. Same goes with state taxes . For example, NY tax due would mean you owe taxes to the state of New York. If you’re still working on your return, those numbers will likely change as you enter more items.
What does “state tax due” mean on my paycheck?
“State Tax Due” means that the taxes withheld from your wages (or otherwise paid in by you) are not enough to cover the amount of tax you actually owe to the state for which you are filing .
Your tax due amount may even be replaced by a tax refund by the time you finish doing your taxes. Please see the Turbo. Tax FAQ below: Does “Federal tax due” mean I owe the government, or does it mean they owe me?
Will turbotax do my taxes?
, turbo Tax does allow users to report cryptocurrency on their taxes. , however, turbo Tax’s cryptocurrency functionality is limited.
Another thing we wanted the answer to was does Turbo Tax know what year you owe from?
The tax due or refund is only for the current year you are working on. The IRS doesn’t tell Turbo Tax anything about your account or past taxes you owe.
June 5, 2019 5:59 PM Turbo Tax only does what you “tell” it to do. When you filed your tax return (federal and state) you would have had to chosen how you were going to pay your state taxes due either through a bank draft (as described below) or with a check sent in directly.
How much does TurboTax pay for itself 2019?
Pays for itself (Turbo. Tax Self-Employed): Estimates based on deductible business expenses calculated at the self-employment tax income rate ( 15.3% ) for tax year 2019. Actual results will vary based on your tax situation. Fastest refund possible: Fastest tax refund with e-file and direct deposit; tax refund time frames will vary.
While we were reading we ran into the inquiry “What can I do with TurboTax free?”.
Free filing of your simple federal and state tax returns, guaranteed Covers W-2 income, Earned Income Tax Credit (EIC) and child tax credits Jumpstart your return with last year’s Turbo. Tax info or import a PDF of your return from another tax software.