turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

why my amount overpaid is not refunded

I am working on my taxes using turbotax.  I see that the amount on Line 34 (overpaid) is 47$ more than the amount on 35a.  The amount to be refunded is less than what I have overpaid.  why?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
JotikaT2
Employee Tax Expert

why my amount overpaid is not refunded

You may have an underpayment penalty included on your tax return.  This occurs if you do not have enough withheld in taxes as your earn your income.

 

Check Line 38 on your tax return.  If you see an amount here, this may account for the difference between your overpaid tax on line 34 and your actual refund amount on line 35a.

 

Page 2 Form 1040

 

If this applies to your tax return, you can try to reduce your underpayment penalty by following the tip at the bottom of the link below.  

 

Underpayment penalties

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

why my amount overpaid is not refunded

thank you

why my amount overpaid is not refunded

Thank you, solved my problem.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question