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jschlafly
New Member

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 ?

 
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ChristieB
New Member

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 ?

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

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3 Replies
ChristieB
New Member

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 ?

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
New Member

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 ?

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

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 ?

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.
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