- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 5, 2025
8:47 AM