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Get your taxes done using TurboTax
@nahcar wrote:
I live in Alameda County, California. Alameda is 1 of the declared disaster counties. I have already prepared my return on TT in February. I have a tax due that included an Estimate Tax Penalty amount. TT has just updated the program. However, the Estimate Tax Penalty amount is still on the Form 1040. Do/should I need to redo the return again?
The estimated tax penalty on the Form 1040 Line 38 is based on the taxes you paid during the tax year. It has nothing to do with the date when your tax return is filed or when the taxes owed are paid.
‎April 17, 2023
6:08 AM