- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
PA estimated payment calculation
Doing my 2022 PA State Tax it stated that I did not have to pay a quarterly Estimated payment in 2023. Apparently, that may not be true as I received a notification regarding an underpayment penalty for 2022. Upon further research any individual who expects to receive more than $8,000 of PA-taxable income not subject to withholding by a PA employer must be estimated for the year and paid quarterly. This would be interest income and dividends.
I would have expected Turbo Tax to know this provision for PA State Tax.
May 27, 2023
4:01 AM