The forms that you are showing are calculating an underpayment penalty for your 2022 Federal 1040 tax return.
Your 2022 Federal 1040 tax return computed tax of $2,336 and tax withheld of $553 leaving a balance due of $1,783.
IRS form 2210 Underpayment of Estimated Tax by Individuals, Estates and Trusts calculates the underpayment penalty if you did not withhold or pay enough taxes during the tax year.
In general, you may owe the penalty for 2022 if the total of your withholding and timely estimated tax payments did not equal at least the smaller of:
1. 90% of your 2022 tax, or
2. 100% of your 2021 tax.
Access the form by following these steps:
- Down the left side of the screen, click Federal.
- Down the left side of the screen, click Other Tax Situations.
- Scroll down to Additional Tax Payments. Click Show more to the right.
- Click Start to the right of Underpayment Penalties.
@TheWisdom
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