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Get your taxes done using TurboTax
If you end up owing too much on your tax return (like over $1,000) you may owe a penalty for not paying in during the year from withholding. Turbo Tax may calculate a penalty on 1040 line 38 (for 2020). It is just an estimated amount. The IRS may send you a bill for more penalty or interest.
‎September 27, 2021
10:24 AM