Our federal return alleges we owe an estimated tax penalty. However, during 2024 we paid in 110% of last year's taxes, which according to the IRS website, exempts us from a penalty. Why does TT 2024 Premier not account for this by asking the correct questions, or figuring this out automatically? All the information has been transferred or entered. In the waiver section,TT only asks about casualty/disasters or a recent retirement or disability.
https://www.irs.gov/payments/underpayment-of-estimated-tax-by-individuals-penalty
Additionally, even when I go to forms and enter the correct info and check the boxes for a waiver, the step-by-step insists on reverting to inclusion of the penalty. What is the problem here?
Between this and the RMD debacle, TT seems to have significant software problems this year. This may be my last year to use it. I'm being driven into the arms of a CPA.
