When will Turbo Tax update their software for the Form 2220 80% withholding exemption from underpayment penalties announced by the IRS on March 23-24, 2019 ?

[ChristieB · Accepted solution]

The changes to Form 2210, Underpayment of Estimated Tax by Individuals, Estates and Trusts, are scheduled to be updated in a release currently planned for March 29, 2019. 

https://ttlc.intuit.com/replies/7339313

[davidjames82]

Did the release go out on March 29th, as planned? Do you have instructions on how to take advantage of the new update?

[jschlafly]

I downloaded the most recent updates, however, have not done my return yet but assume that the update included the new 80% W/H level to avoid any penalties.  The new update should apply automatically if you have paid at least 80% of your 2018 tax, i.e., no penalty applied.