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Surprise Underpayment penalty
For my 2021 taxes, done with Turbo, I paid the full federal and state taxes that were due as computed at filing.
I paid the 4 computed Estimated taxes for Fed and State through 2022-23.
As I do my 2022 taxes, with Turbo, I got a note that I have to pay an underpayment (<$100) penalty for 2022!
I don't understand!!!
‎February 24, 2023
1:58 PM