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dhuot55
New Member

Can you tell me why I went from getting a refund to owing money? This is my first time using turbo tax

why do I owe money now and it showed a credit at first?

1 Reply

Can you tell me why I went from getting a refund to owing money? This is my first time using turbo tax

As you add more information, the balance changes. A common example is when someone inputs a T4 with a small amount of income on it. The program adds the WITB credit. But then if the person adds a T2202A with full time tuition, then they no longer qualify for the WITB and it gets removed, so their refund goes down. If they then go in an add a lot of investment income, then they may end up owing money, even though they were a full time student who only worked a few weeks.