TurboTax Incorrectly Computed that I Had a Penalty

[scottsh115]

I successfully filed my 2024 taxes using the desktop version of TurboTax. TurboTax calculated that I owed a $157 penalty. When the IRS processed my return, they said I miscalculated and did not owe a penalty. They are sending me a $157 refund check. I did not lose any money, but feel I should report that TurboTax miscalculated my return.

[VolvoGirl · Accepted solution]

No it's not a problem.  Turbo Tax only estimates the penalty.  They don't know what the actual penalty should be.  It's very common for the IRS to reduce it or send you a bill for more.  Or you could go though Form 2210 to try to reduce or eliminate it.  You can even select to let the IRS figure it for you.  

[scottsh115]

Thank you for replying. The IRS caught the error and corrected it. I just thought it was weird that TurboTax computed a penalty. None of the documents that TurboTax dumps (even when all calculation sheets are specified) included Form 2210, which is the one for calculating a penalty. The $157 just showed up on Line 38. Very strange.