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.

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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.

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For 2025 I want to ensure I get close to (but NOT OVER) the $212 MAGI number so my Medicare premiums don't rise. How reliable is TT's 2025 estimation worksheet for this?

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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.

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.

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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.

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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.

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