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Get your taxes done using TurboTax
How/where were you penalized? Was it on your 1040 line 38? It's not for filing or paying late. It doesn't have to do with last year's tax return or not paying estimates for this year. The penalty is an "estimated" amount. It's a penalty if you owe too much or for not paying in enough withholding during the year or not paying in evenly.
You might have been able to eliminate it or at least reduce it. You 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
‎June 21, 2023
1:38 PM