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Get your taxes done using TurboTax
It is possible that when you entered the estimated payments in the federal section of TurboTax that you indicated that they were for your 2022 tax return. In that case they would be deductible on the federal return but would not be applied to your state return taxes.
Your penalty for underpayment of tax is due in part from the timing of your payments and not just the amount paid. So, you need to look at when you reported the payments being made and if they were not sufficiently paid when they were due you can have a penalty for making the payments late.
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‎January 30, 2024
11:38 AM