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Get your taxes done using TurboTax
We were able to identify the issue.
If your prior year's AGI was more than 150,000, you'd need to pay in 110% of last year's tax or be subject to a penalty.
You did not pay 110%, you were short by a small amount.
Please see: Estimated Taxes: Common Questions How do I calculate my estimated taxes?
Thank you for sharing your file. We hope this will help you to understand your taxes better.
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‎February 12, 2024
9:31 AM
1,210 Views