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June 5, 2019
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I am being made to pay an underpayment penalty this year. Isn't turbotax supposed to take care of such things as they verified my return for accuracy?

  • June 5, 2019
  • 1 reply
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Best answer by rjs

An underpayment penalty has nothing to do with the accuracy of your tax return. It's a penalty for not having paid enough tax over the course of the year, either in withholding or in estimated tax payments.

1 reply

rjs
rjsAnswer
Employee
June 5, 2019

An underpayment penalty has nothing to do with the accuracy of your tax return. It's a penalty for not having paid enough tax over the course of the year, either in withholding or in estimated tax payments.

dkpraveenAuthor
June 5, 2019
Thank you!