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Get your taxes done using TurboTax
If you are seeing a penalty, you can go back into the program under
- Other Tax Situations
- Additional Tax Payments
- Underpayment penalties and select start or update next to Underpayment Penalties.
Some exceptions to the penalty are
- You had $0 tax liability in 2022
- You paid 100% of your 2022 tax liability
- You paid 90% of your 2023 tax liability
- You or your spouse (if you file a joint return) retired in the past 2 years after reaching age 62 or became disabled and you had reasonable cause to underpay or pay your estimated tax late
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‎April 4, 2024
7:48 AM