topic Why am I being charged an estimated tax penalty as I have just one standard job, just underwitheld and filed extension. I get the interest and failure to pay penalty. in Get your taxes done using TurboTax

Why am I being charged an estimated tax penalty as I have just one standard job, just underwitheld and filed extension. I get the interest and failure to pay penalty.

timdawg6 — Sat, 07 Dec 2019 20:07:22 GMT

Re: Why am I being charged an estimated tax penalty as I have just one standard job, just underwitheld and filed extension. I get the interest and failure to pay penalty.

DoninGA — Sat, 07 Dec 2019 20:14:03 GMT

Taxes owed on a 2018 tax return were due and payable on or before April 15, 2019.

The extension was only for filing the tax return, Not an extension for paying taxes owed.

Re: Why am I being charged an estimated tax penalty as I have just one standard job, just underwitheld and filed extension. I get the interest and failure to pay penalty.

timdawg6 — Tue, 10 Dec 2019 15:55:18 GMT

Yes but I have two penalties. Failure to pay penalty, I understand that is because I filed an extension. However, I don't understand the second penalty, Failure to pay proper estimated tax penalty.