If you owe a penalty to the IRS because of the amount that you owe, this is calculated by TurboTax and added to your return.
If you don't pay estimated payments for the tax year 2022, you may owe a penalty for that year.
TurboTax will automatically calculate your 2022 estimated tax payments and prepare 1040-ES vouchers if we think you may be at risk for an underpayment penalty next year.
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