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IRS expands penalty waiver for those whose tax withholding and estimated tax payments fell short in 2018; key threshold lowered to 80 percent.
This was just announced 22 Mar. Will Turbo Tax be updated to reflect this change? I will be affected by this change and don't want to have to file additional forms after I file my taxes to get the penalty money back. I would much prefer Turbo Tax be updated and calculate the penalty correctly based on the new guidance.
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‎June 3, 2019
5:06 PM