mtdog57
New Member

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.