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Level 2
posted Feb 18, 2024 9:34:44 AM

Why would my OVERPAID amount (line 34) and AMOUNT I want refunded to me (line 35a) vary ?

Hi,

 

Why would my OVERPAID amount (line 34) and AMOUNT I want refunded to me (line 35a) vary by $4.

 

 

 

Thanks

 

 

 

0 2 709
1 Best answer
Level 15
Feb 18, 2024 9:40:41 AM

There is more than likely an Estimated tax penalty of $4 on Line 38 of the Form 1040 which will reduce the tax refund.

2 Replies
Level 15
Feb 18, 2024 9:40:41 AM

There is more than likely an Estimated tax penalty of $4 on Line 38 of the Form 1040 which will reduce the tax refund.

Level 2
Feb 18, 2024 9:46:19 AM

Thank you !  That is the variance.