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Level 2
posted Mar 1, 2024 6:26:08 PM

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.

0 3 350
1 Best answer
Expert Alumni
Mar 1, 2024 7:04:34 PM

Look at line 38 on your 1040. 

3 Replies
Expert Alumni
Mar 1, 2024 7:04:34 PM

Look at line 38 on your 1040. 

Level 2
Mar 1, 2024 8:43:33 PM

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

Expert Alumni
Mar 2, 2024 6:25:19 AM

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