RobertB4444
Expert Alumni

Get your taxes done using TurboTax

If you earned unexpected income late in the year then you can annualize your income using the tool in TurboTax and possibly reduce the penalty.

 

How to annualize your income in TurboTax.

 

In the future, what the IRS actually expects you to do is make an estimated payment when you earn the unexpected income.  You can do that at irs.gov/payments.

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