Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Feb 26, 2025 7:38:39 AM

My tax owed at end of 2024 is higher than my estimated tax. Will I be charged interest when I file my return and pay the extra? I paid estimated taxes for 2024 in full.

0 1 876
1 Replies
Expert Alumni
Feb 26, 2025 7:49:13 AM

No, you will not be charged interest as long as the balance due is paid by April 15, 2025.  There may be an underpayment penalty applied if the difference between what you already paid and the actual taxes is great enough.  

 

If there is a penalty, you can see the amount on your Form 1040 line 38.