ErnieS0
Expert Alumni

State tax filing

The default calculation by Maryland is to split income evenly over the year.

 

If you receive income unevenly through the year you can elect to annualize your tax penalty.

 

  1. Select Yes on the Underpayment Calculation screen
  2. Select Yes on the Underpayment Interest screen
  3. Select Use annualization method on the Your Interest screen
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