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Calculates state penalty wrong
TurboTax says I don't owe a penalty and doesn't give me a way to specify the date of various income items to correct this.
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Calculates state penalty wrong
you state you have a state penalty. What state?
but then you state you don't owe a penalty.
which is it?
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Calculates state penalty wrong
And....you say one of the problems is that there was nothing withheld from your Social Security for state tax. Do you live in one of the states that taxes Social Security? Only a few states tax Social Security benefits.
There are 11 states that tax Social Security—Colorado, Connecticut, Kansas, Minnesota, Missouri, Montana, Nebraska, New Mexico, Rhode Island, Utah, and Vermont
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Calculates state penalty wrong
Sorry, the state is Massachusetts.
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Calculates state penalty wrong
The issue isn't that the Social Security is taxed. The bulk of the tax is on investment income at the end of the year. But the federal withholding on the SSA income is spread throughout the year, and is enough to avoid a penalty.
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Calculates state penalty wrong
I owe a state penalty but not federal
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Calculates state penalty wrong
@J111000 you will have to work yourself through this form; presumably it is in Turbo Tax.
Part 3 would get you out of the penalties....
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Calculates state penalty wrong
Yes, I don't see a way to edit MA Form M-2210 within TurboTax, however.
Last year I needed Federal form 2210 as well, so didn't have this problem.
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