topic If I owe an underpayment penalty, is that included in what turbotax calculates that I owe in federal taxes, or do I need to go to the IRS separately to pay that? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/if-i-owe-an-underpayment-penalty-is-that-included-in-what-turbotax-calculates-that-i-owe-in-federal/01/397353#M164077 Tue, 04 Jun 2019 19:46:35 GMT bethoaks 2019-06-04T19:46:35Z If I owe an underpayment penalty, is that included in what turbotax calculates that I owe in federal taxes, or do I need to go to the IRS separately to pay that? https://ttlc.intuit.com/community/taxes/discussion/if-i-owe-an-underpayment-penalty-is-that-included-in-what-turbotax-calculates-that-i-owe-in-federal/01/397353#M164077 Tue, 04 Jun 2019 19:46:35 GMT https://ttlc.intuit.com/community/taxes/discussion/if-i-owe-an-underpayment-penalty-is-that-included-in-what-turbotax-calculates-that-i-owe-in-federal/01/397353#M164077 bethoaks 2019-06-04T19:46:35Z If an underpayment penalty is calculated on your tax... https://ttlc.intuit.com/community/taxes/discussion/if-an-underpayment-penalty-is-calculated-on-your-tax/01/397361#M164081 <P>If an underpayment penalty is calculated on your tax return, it will be added to the other taxes and netted against your payments.</P><P>The underpayment penalty appears on line 24 of the 1040, and it is added by TurboTax into the amount due on line 23 or netted against the amount overpaid on line 20.</P><P>&nbsp;</P><P>[Edited 3/31/2020 2:04 pm CDT - updated for 2019]</P><P>&nbsp;</P> Tue, 31 Mar 2020 19:04:35 GMT https://ttlc.intuit.com/community/taxes/discussion/if-an-underpayment-penalty-is-calculated-on-your-tax/01/397361#M164081 BMcCalpin 2020-03-31T19:04:35Z