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When do I enter the payment date from which my Federal undepayment penalty is calculated? I think I entered the date wrong and need to correct.
Based on the conditions below, I am not exempt, but the turbotax isn't showing a penalty.
No penalty is incurred when:
-A taxpayer's total tax liability is less than $1,000
-The taxpayer did not owe any taxes for the previous year
-The taxpayer paid at least 90% of the taxes owed
No penalty is incurred when:
-A taxpayer's total tax liability is less than $1,000
-The taxpayer did not owe any taxes for the previous year
-The taxpayer paid at least 90% of the taxes owed
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March 19, 2022
8:40 AM