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July 22, 2019
Question

Can someone at Turbotax tell me what my tax penalty was for 2018?

  • July 22, 2019
  • 1 reply
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In previous years my Turbotax forms showed the tax penalty for underpaying, but for 2018 it did not.

    1 reply

    VolvoGirl
    Employee
    July 22, 2019

    Any underpayment penalty is on `1040 line 23.  If Turbo Tax didn't figure one (or even if they did) the IRS can still send you a bill for more depending on when they actually get your Tax Due payment.   Or the IRS might even send you a refund for it.