If I’m self-employed and didn’t pay estimated taxes, can I possibly get a refund?
It’s possible to have a refund if you didn’t pay estimated taxes. To have a refund, your deductions and credits must total more than your income tax liability.
You’d need to have both of these:
- A combination of deductions and credits that reduce your tax liability to 0
- One or more refundable credits to produce a refund
Refundable credits include:
- Earned Income Credit (EIC)
- Additional child tax credit
- American Opportunity Credit
- Lifetime Learning Credit
- Alternative Minimum Tax (AMT) credit
However, if you’re self-employed, you’re still subject to self-employment tax. This goes toward Social Security and Medicare taxes.
Learn more about form CP91, why you received it, and how to handle an IRS bill for unpaid tax with help from the tax experts at H&R Block.
The IRS can start the process that leads to the State Department restricting your passport. Learn more from the tax experts at H&R Block.
Learn more about letter 168C, why you received the letter, and how to handle an IRS bill for unpaid tax with help from the tax experts at H&R Block.
Your personal information was lost or disclosed through an IRS data breach. Learn more about IRS letter 4281C from the tax experts at H&R Block.