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Get your taxes done using TurboTax
current tax year is 2022.
by default the underpayment of estimated tax penalty is computed assuming 1/4 of your tax is due each quarter (really first 3 month, then 5 months then 8 months finally the whole year.) the only way to get around this is to use the annualized installment method for the first 3 quarters. the 4th is automatic because that info comes from your return
‎April 17, 2023
11:57 AM