LenaH
Employee Tax Expert

After you file

In order for TurboTax to calculate penalties on your return, you would have to enter your correct 2019 tax liability on the interview screen when prompted. Did you enter that section when filing out your tax return? If not, TurboTax will not calculate a penalty. 

 

Estimated tax payments are generally required, if you expect to owe $1,000 or more when the return is filed. If your income is received unevenly during the year, you may be able to avoid or lower the penalty by annualizing your income and making unequal payments. 

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