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How do I eliminate the underpayment penalty in TurboTax if 2024 was the very first year I have had income? The lesser of zero (2023 taxes) and 100% of 2024 taxes, is $0.
I will be paying and filing taxes by the April 15th, 2025 deadline, so I am unsure why I am the penalty is being assessed. Again, this is my first time to file.
3 weeks ago