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New Member
posted Apr 11, 2024 4:35:55 PM

How can I find out if Turbo Tax paid my estimated tax penalty? It shows the amount on line 38, but it was not added to total amount that I owe.

0 4 1533
4 Replies
Level 15
Apr 11, 2024 4:37:13 PM

The amount in box 38 is included in the amount of federal taxes owed or it reduces the amount of the federal tax refund.

Level 15
Apr 11, 2024 4:38:04 PM

If you have an amount of tax due on line 37 of your Form 1040, it includes the penalty that you see on line 38.  

New Member
Apr 11, 2024 4:49:20 PM

Thank you so much for your reply.  I've never had this penalty in the 40 years that I've been filing taxes.

New Member
Apr 11, 2024 4:50:00 PM

Thank you!!