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Under Payment Penalty
I just realized that the vouchers that Turbo Tax made for me for 2023 estimated taxes last year were not right. They were $305 short each quarter so I paid $1220 less than my last year taxes. I, of course, had to pay a $94 penalty.
I checked this years vouchers for 2024 and they add up to 100% of my 2023 taxes paid. Why were the 2023 estimated tax vouchers off by $305?
March 30, 2024
1:33 PM