It appears MA doesn't have a way to annualize your income like the federal return. However, MA has some exceptions that may apply to you. There is an exception if "My estimated payments and withholding for 2021 equal or exceed my 2020 tax (I filed a 2020 return for an entire year)". To get to that screen, see the steps below.
- Log back into TurboTax and go to your MA state return.
- Continue with the onscreen interview.
- On the MA Underpayment Penalty screen, select Exceptions. Note: Don't choose Calculate. If you do, MA will calculate the penalty for you.
- Continue with the onscreen interview until you get to the Underpayment Penalty Exceptions screen.
- Select My estimated payments and withholding for 2021 equal or exceed my 2020 tax (I filed a 2020 return for an entire year) and Continue.
- If you meet this exception to the underpayment penalty, you do not owe any penalty for underpayment of estimated tax.
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