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Does paying 100% of the prior year's taxes in estimated taxes for the current year avoid the underpayment penalty?
The program says I have a penalty ($66) for underpayment of estimated taxes. My 2023 Federal total tax was $5411 and my 2024 total estimated tax payments were $5411, which I entered in the TurboTax credits section.
March 3, 2025
4:06 PM