2201040
The amount on my Form 1040 V Payment Voucher is less than the amount shown on my Tax Summary as Payment Due. What do I do? Why would it be different? I don't want to overpay but also don't want to get penalties for underpayment. Please help. Thank you.
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Check the actual tax due on 1040 line 37.
Also check line 38.
Line 37 matches the 1040v amount. The amount on the payment due part of the summary is much greater. The payment due amount was what turbo tax showed me when we filed the taxes electronically in March and now it’s different. Any idea why?
Nothing on line 38
Oh so you already filed? Did you enter any unemployment? The first 10,200 is exempted. The IRS will be adjusting your return for it. So I guess you just need to pay the new smaller amount. You do not need to amend. Cross out the amount and send in the new tax due.
Yes, my husband got some unemployment last year. Thank you so much for the quick response. You’re so helpful and I appreciate it.
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