Hackut99
Returning Member

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)?