Why is my return showing $207 in penalty/interest. The deadline was extended to April 18. Could this be because I didn't pay quarterly estimated taxes last year?
Announcements
Do you have a TurboTax Online account?
We'll help you get started or pick up where you left off.
Why is my return showing $207 in penalty/interest. The deadline was extended to April 18. Could this be because I didn't pay quarterly estimated taxes last year?
Why is my return showing $207 in penalty/interest. The deadline was extended to April 18. Could this be because I didn't pay quarterly estimated taxes last year?
Yes, you can be charged penalty if your withholding or estimated tax payments were too low. There are exceptions. See IRS publication 17.
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.