Line 37 says to subtract line 33 from line 24. In my case,
Line 24: $19,356
Line 33: $17,187
The differences is $2,169. TurboTax shows $2,178.
What gives?
You'll need to sign in or create an account to connect with an expert.
Check line 38. You have a penalty for owing more than $1,000.
You might be able to eliminate it or at least reduce it. You can go to Federal Taxes tab or Personal tab, under Other Tax Situations and select Start by the Underpayment Penalties. You will answer a series of questions that may reduce or eliminate the penalty. Or you can elect to have the IRS figure the penalty for you. It's form 2210.
It's under
Federal or Personal (for Home & Business Desktop)
Other Tax Situations
Additional Tax Payments
Underpayment Penalties - Click the Start or update button
If you have the desktop program you can switch to Forms Mode (click forms in the upper right (left for Mac)) and open the 2210 form. If the 2210 doesn't show up in the left column, click on Open Forms at the top of the left column. Type 2210 in the search box and open the 2210 form. Check box C to let the IRS calculate it.
Thank you very much! You are correct.
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