fmullin
New Member

Get your taxes done using TurboTax

I have the same problem.

Here is enough data for you to verify the error.

First, the law is that if your AGI  > $150K then your estimated tax payments for this year should be 110% of this year's taxes (as this poster stated).

But my taxable income exceeds $150K, while the total estimated tax payments  (TurboTax lists) is only 90% of this year's taxes.  And it's done it to me the previous two years.  So like this poster I've faces a underpayment fee.