RobertB4444
Expert Alumni

Get your taxes done using TurboTax

In this case the $200 penalty is based on your husband's withholding.  There isn't a whole lot of arguing that you can do with that.

 

If the withholding was due to a clerical error at your husband's company he can request that they reimburse him for the penalty.  I it was due to an error on your husband's W4 form then there isn't much that you can do.

 

The estimated payments should be based on the prior year's income.  If your husband increases his withholding and you pay in the rest you should be able to avoid penalties for this year.  Since your income is expected to be down by quite a bit you should not have to pay in as much.

 

Go to 'Other Tax Situations'.  Scroll down to estimated taxes.  The tool there lets you predict your income for 2023 and adjust the amount that your husband will have withheld.  This should help you to predict the estimates necessary for 2023 better.

 

@nmpyron 

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