When You Owe Money It Is 1 Point

No view

Are you wondering why you owe so much in taxes this year? Want to make sure you never owe a big tax bill - or any bill at all - when you file your income taxes? There are many reasons why you may owe taxes..Watch this video to find out more about why you may owe money of your tax return. Hello, I'm Tammy from TurboTax with some important information for taxpayers who still owe tax when filing their return. Video: Who Needs to File an Income Tax Return?.However, in both cases, your situation is the same: you owe money, you can 't pay it all back, and the person who owns your debt wants to get as much as they can. A general guideline is that you shouldn 't attempt to pay back any more than 40-50 of the total amount owed by this point. There is a .We completely understand how you feel. Sometimes it 's as though doing your taxes is a crap-shoot, and you never know whether you 'll owe money or get a refund until you actually do the paperwork, and it doesn 't have to be that way. There are a couple of ways to go about this, from changes you can make .