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TurboTax generated estimated penalty/interest on Form 1040-SR
After executing e-file 2024 taxes I discovered TurboTax generated an interest penalty/charge that was deducted off my refund. While preparing my taxes the software gave me no indication that there was an issue with my quarterly estimated tax distributions. A majority of my taxable income came from the last quarter of 2024. How will the IRS notify me of the finalized amount of penalty/interest charge? Will my projected refund change? I would like to know more details of this charge. I’m not even sure there should be one. Thanks
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February 25, 2025
9:31 AM