Taxes can be imposed on Form 5329 for early distributions or for excess contributions to Traditional or Roth IRAs.
If you are reporting contributions to a Traditional or Roth IRA as part of your tax return, you should revisit that section and pay close attention to the messages on the screen to be sure that you are not making an excess or disallowed contribution which is causing the additional tax.
This situation could also apply to an excess contribution to a Health Savings Account (HSA).
See the following TurboTax help article to learn more:
What is Form 5329: Additional Taxes on Qualified Retirement Plans?
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