KathrynG3
Expert Alumni

Get your taxes done using TurboTax

The IRS will not penalize you if one of two conditions are met. In circumstances with income less than $150,000, either 100% of the prior year tax or 90% of the current year tax is paid in. Since you have paid in taxes, the current year threshold will likely be met. 

 

For example, in general, if your taxable income for 2020 was $9,000 and $900 was the tax due, the 90% calculation would be $900*90%=$810. If at least the $810 in this example was paid, there would be no penalty or interest charged. 

 

Yes, Form 2210 will be available soon.

 

You're welcome @billy-hill!