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How do I see on my finished tax return how much the IRS is being paid for interest and penalty charges for quarterly underpayments?

I would like to know so I can see what it actually costs me if I don't pay the quarterly estimated tax payments and wait till the end of the year to pay instead. Thanks for anyone that answers!

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How do I see on my finished tax return how much the IRS is being paid for interest and penalty charges for quarterly underpayments?

Look on line 38 of your Form 1040 to see the penalty.

 

PREVIEW 1040

 

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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2 Replies

How do I see on my finished tax return how much the IRS is being paid for interest and penalty charges for quarterly underpayments?

If you have a estimated tax penalty it will be on your federal tax return Form 1040 on Line 38.  After the IRS receives the tax return, if any further penalties apply the IRS will send you a bill in the mail to the address on your tax return.

 

If you have not yet filed the 2022 tax return -

Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

How do I see on my finished tax return how much the IRS is being paid for interest and penalty charges for quarterly underpayments?

Look on line 38 of your Form 1040 to see the penalty.

 

PREVIEW 1040

 

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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