Vanessa A
Expert Alumni

Get your taxes done using TurboTax

Did you go through to the end and answer the questions about removing the penalty?  If not, then you can do this under Other Tax Situations>>Underpayment Penalty.

 

If so, did you earn over $150,000 for the year?  If so, you need to pay at least 110% of last years tax liability

 

Also, remember, the 100% and 110% are of last years tax liability not tax withholdings.  So if you had to pay in last year, 100% of your withholdings would not be enough. 

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