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Get your taxes done using TurboTax
The underpayment penalty on 1040 line 38 is just an estimate. It’s common for the IRS to recalculate it and send you a bill for more or a refund. You could have even left it off your return and let the IRS calculate it. Turbo Tax can not figure it accurately because they don't know exactly when the IRS or state will get your return and tax due payment.
April 20, 2025
12:46 PM