Question

2019 I received a $128 state refund, this year turbotax is stating an underpayment of $10 occurred in 2019 for the state. How is this possible?

Forum|Forum|5 years ago
February 23, 2021
1 reply
0 views

I used Turbotax both years, I don't understand how a refund was calculated last year and now it's showing an underpayment occurred. Taxes weren't changed for 2019.

TurboTax Online

M

mglauner

It is possible to have an underpayment in 2020, even though you got a refund in 2019.

If you are a W-2 employee, your employer may have withheld less tax this year than last year, due to Payroll Withholding changes.

Compare last year's W-2 with this year's W-2 for the amount of Federal Tax Withheld.

You may qualify for an Exception to the Penalty.

To visit the section where you can go through possible exceptions to the penalty, follow these steps:

Login to your return and click "Take Me To My Return"
Click "Search" in the upper right corner of your screen, then type "underpayment penalty" in the Search Box and click "Find"
Click the "Jump To" Link
From here, you can review the underpayment penalty and work through the possible exceptions

Click this link for more info on Underpayment Penalties.

T

tbl1944Author

Marilyn

I don't believe I made my question clear. In 2019 I received a state refund of $128. When doing my taxes this year, it is now stating I have an underpayment of $10 for 2019. How could I have an underpayment for last year when I received a $128 refund? Why is Turbotax now finding an underpayment for 2019 when I'm working on my 2020 taxes?

Thanks

Tami

VolvoGirl

Employee

No. Turbo Tax can't know if you have a penalty or know anything about 2019. We are working on 2020. What is the exact message? Can you post a screen shot of what it's telling you? Has to be for 2020.