form 2210 instructions
Waiver of Penalty
If you have an underpayment, all or part of the penalty for that underpayment will be waived if the IRS determines that:
• In 2021 or 2022, you retired after reaching age 62 or became disabled, and your underpayment was due to reasonable cause (and not willful neglect); or
• The underpayment was due to a casualty, disaster, or other unusual circumstance, and it would be inequitable to impose the penalty. For federally declared disaster areas, see Federally declared disaster, later.
i see noothing i n your post that would indicate you have reasonable cause for the IRS to waive all or part of your penalty.
do check your return to make sure all information was entered correctly.
if you changed the w-4, paying estimates may not be required
here's the simplest way to avoid penalties for 2024 since you have withholding. By year-end make sure withholding is 100% of your 2023 tax. that's the amount that would show up on line 8 of the 2210. It's 110% if your 2023 adjusted gross income was over $150,000
you can use the instructions below to compute this amount but the simplest way to know this number is
to review the Turbotax Estimated tax Payments Options worksheet
it should appear on the line referring to the 100%/110% option
Line 8
To figure your 2023 tax, first add the amounts listed in (1) below, then
subtract from that total amount the refundable credits listed in (2), later,
that are shown on your 2023 tax return.
(1) Add the amounts shown on your 2023 tax return.
1040,or 1040-SR
Line 22,
Schedule 2 (Form 1040):
Line 4,
Line 8 (additional tax on distributions only),
Line 9,*
Line 10,
Line 11,
Line 12,
Line 14,
Line 15,
Line 16,
Line 17a,
Line 17c,
Line 17d,
Line 17e,
Line 17f,
Line 17g,
Line 17h,
Line 17i,
Line 17j,
Line 17l, and
Line 17z
(2) Subtract refundable credits listed below.
Subtract the total of the following refundable credits, if any, that you
claimed on your 2022 tax return.
• Earned income credit.
• Additional child tax credit.
• Refundable part of the American opportunity credit (Form 8863,
line 8).
• Premium tax credit (Form 8962).
• Credit for federal tax paid on fuels.
• Qualified sick and family leave credits from Schedule(s) H
(Schedule 3 (Form 1040), lines 13b and 13h).
• Credit determined under section 1341(a)(5)(B
