You'll need to sign in or create an account to connect with an expert.
Which tax penalty? The penalty on 1040 line 38 or a 10% Early Withdraw Penalty from your IRA or 401K? You don't pay them separately. They are included on your return and either reduce a refund or increase the tax due.
Any penalties you owe are included in your total tax due. You can pay through TurboTax when you transmit your return, you can write a check or you can go to the IRS direct pay site (of if your state has a direct pay if you are referring to a state penalty) and pay there. If you are unable to pay your taxes in full, you should still file by April 18th, but you can apply for a payment plan from the IRS. When you get to the end of TurboTax, prior to hitting file, it will give you the option to apply.
State rules vary so if you are talking about a state penalty, please respond and let us know.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
fineIlldoitmyself7
New Member
karen-elofson
New Member
freddytax
Level 3
stelarson
Level 1
KellyD6
New Member