JotikaT2
Employee Tax Expert

State tax filing

I recommend you review your input and answers to the questions in the state interview section.

 

New Mexico will generate the underpayment penalty and estimates based upon your answers to the following questions:

 

Do you want to pay estimates

 

Pay 2020 Estimated tax

 

In regards to the underpayment penalty, this amount is calculated based upon the following input:

 

Prior year information

 

 

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