Do I owe a penalty from 2017, if so why?

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There are many different types of and reasons for federal tax penalties.  Early withdrawals from or over contributions to tax-favored accounts, underpayment of tax, or late filings are a few of the reasons you may have a penalty from your 2017 tax return.  If you would like more information about your federal tax account, please visit - View Your IRS Account Information.