You’ll be able to determine your tax balance—whether you owe money or if you’re owed a tax refund—after you’ve entered all the relevant information about your income, deductions, and tax credits.
You can send any money due to the IRS and your state’s department of revenue, or you can use one of the online payment options provided by the IRS. Direct Pay allows you to make a direct debit from your bank account payable to the IRS, and the agency accepts credit card payments online as well.
The IRS offers payment plans if it turns out that you owe more than you can pay all at once.8
You have a few options for receiving your payment if you’re owed a refund, including a mailed check or direct deposit into a bank account.9 You can even divide your refund into separate bank accounts, or use it to purchase savings bonds from the Treasury Department.10
Don’t neglect to save a copy of your return for your records—it will come in handy when you’re doing your taxes next year, and it will really come in handy if the IRS has questions or decides to audit you.