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Level 2
March 2, 2024
Solved

Paid a Penalty

After filling, Turbotax told me in the analysis that I paid a penalty for not paying enough taxes throughout the year. But throughout filing, I wasn't notified that I was paying the penalty, and I don't find Form 2210 generated. How can I know how much penalty I paid? Thanks.

    KrisD15
    KrisD15Answer
    Alumni - Intuit
    March 2, 2024

    Look at line 38 on your 1040. 

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    3 replies

    KrisD15
    KrisD15Answer
    Alumni - Intuit
    March 2, 2024

    Look at line 38 on your 1040. 

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    woloAuthor
    Level 2
    March 2, 2024

    Thanks! I guess turbotax has included line 38 in the final owed amount, right? Just didn't find where to see that breakdown in the software

    Alumni - Intuit
    March 2, 2024

    You can see the estimated payment computation as follows:

     

    Log in to your account

    On the left side go into Tax Home

    Federal

    Deductions and Credits

    Estimated Payments.

     

    @wolo

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