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Get your taxes done using TurboTax
Thanks. That works.
I just found another issue with the federal tax underpayment penalty. According to https://www.irs.gov/taxtopics/tc306, most taxpayers will avoid this penalty "if they paid withholding and estimated tax of at least 90% of the tax for the current year or 100% of the tax shown on the return for the prior year, whichever is smaller". However, even my 2023 return clearly indicated that the sum of my withholding and estimated tax exceeded 90% of may 2023 tax, Turbo tax still asked me to fill the form 2210 and pay the penalty. Even worse, I already e-filed the Federal return. What can I do to get my money back?
March 26, 2024
4:26 PM