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February 28, 2024
Question

Why does the Turbo Tax Date of Payment page not allow entering the date I paid my taxes in the past. I am getting a refund but it says I owe a penalty?

  • February 28, 2024
  • 1 reply
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1 reply

VolvoGirl
Employee
February 28, 2024

The penalty on 1040 line 38?  I had a penalty once when I had a refund for not paying in evenly during the year.

 

You might be able to eliminate it or at least reduce it.  You can go to Federal Taxes tab or Personal tab, under Other Tax Situations and select Start by the Underpayment Penalties. You will answer a series of questions that may reduce or eliminate the penalty. Or you can elect to have the IRS figure the penalty for you.  It's form 2210.

 

It's under

Federal or Personal (for Home & Business Desktop)

Other Tax Situations

Additional Tax Payments

Underpayment Penalties - Click the Start or update button