Owe $1

Shell76
Shell76 Member Posts: 1 Newcomer
in General

Second year in a row I owe $1 for federal. I claim 0 and file single and made under 48,000. Does this seem right?

· Share on Twitter

Answers

  • MatthewD
    MatthewD FreeTaxUSA Team Posts: 352

    Hi Shell76,

    Although this is rare, it does happen. It means your withholding were very accurate and really close, but shy by $1. It is correct. The good news is there will not be any penalty since the tax due is less than $1,000. You were just a couple dollars from getting a $1 refund.

    · Share on Twitter

Categories