Are you filing your 2022 return or 2023? Almost nothing from 2022 goes on your 2023 tax return. Especially your 2022 tax due payment. 2022 is done. And you don't enter your 2022 tax due payment into your 2022 tax return. That is just the result of filling out your return. And Turbo Tax wouldn't know you have a late payment. You are probably seeing the estimated underpayment penalty.
The Underpayment Penalty on your 1040 line 38? That's not for filing or paying late. Or not paying Estimates. And is not about last year.
If you do not pay in enough tax from withholding and estimates, you may have to pay a penalty for underpayment of estimated tax. The penalty is an Estimated amount. Even if you are getting a refund you can still owe a penalty for not paying in evenly during the year. Generally, most taxpayers will avoid this penalty if they owe less than $1,000 in tax after subtracting their withholdings and credits, or if they paid at least 90% of the tax for the current year, or 100% of the tax shown on the return for the prior year, whichever is smaller. It is included in your tax due or reduces your refund.
You might be able to eliminate it or at least reduce it. You can 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. Or you can elect to have the IRS figure the penalty for you. It's form 2210.
It's under
Federal or Personal (for Home & Business Desktop)
Other Tax Situations
Additional Tax Payments
Underpayment Penalties - Click the Start or update button
