Where do i find if i received a penalty fee or not for underpayment on my Federal taxes. where can that penalty amount be found in my return?

[gmott18]

Trying to determine if i received a penalty for underpayment of my federal taxes. Not sure if i did.  Thought you do if underpayment more than $1K.

[xmasbaby0]

Check line 38 of your Form 1040.

[linc265]

You need to make quarterly payments using the payment vouchers if you make a profit greater than $1,000.

[gmott18]

Thanks. Yeah that is grayed out. So i went to form 2210 and that said no penalty because my withheld amount was more than the max required annual payment based on prior year's tax. Cool.  That works.

[gmott18]

Or you can have more taken out of pay... raise withholding %.

[MO79]

Form 1040-SR row 38 (Amount You Owe) will list the penalty you are paying. Also, the turbotax cover sheet that prints with the tax breakdown has it listed.

[gmott18]

Thanks, yeah, not there so wasn't penalized.  Also, form 2210 goes into detail on it.