Estimated Tax Penalty Increase (Refund Decrease / Tax Due Increase Since Filing)

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Article: 50253

Overview

You may observe a change in your or balance due amount from what was originally filed, even if no modifications have been made to your return.

This situation typically arises due to an increase in the penalty, reflected on Line 38 of Form 1040.

To compare different versions of your return:

  • The PDF accessible via the [PDF] icon next to “20xx Tax Year” on the My Account tab displays your originally filed return.
  • Selecting “I’d like to view a working copy of my return” will generate a current version of the return in PDF format.

Please note that Line 38 on the working copy may reflect a higher penalty, as penalties and interest accrue over time. However, the originally filed return remains valid. The IRS calculates penalties based on the filing date, not the date the return is viewed or updated.

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