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Turbo Tax Estimated Penalty
Hello.
My estimated taxes that I paid for 2024 exceeds the amount of federal taxes due by $89. Turbotax added an "estimated penalty" of $145 and now I owe $56 according to Turbotax. I have tried going to the other tax situations and answering the questions, but none of those seem to apply to me. Do I really have to pay a penalty even though I already paid more than is due (minus the penalty)?
‎February 26, 2025
3:33 PM