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State tax filing
Thank you for sending the updated token.
Because of the level of income that you earned in 2024, the estimated tax safe harbor rule doesn't apply. This means that you were required to pay 90% of your 2024 tax liability and can't avoid the penalty by paying 2023's liability. Form 5805 is calculating correctly.
Who Must Pay California Estimated Tax Payments
March 24, 2025
6:59 AM