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Deductions & credits
Thanks Vanessa. But what if there is no penalty, as I believe is the case for me because I made quarterly payments that were more than the required amounts each quarter. I checked this using the new IRS form 2210 for 2021 that is available on the IRS site. It shows that the required estimated payment amounts are 1/4 of the annual requirement, which is the lesser of 1) 100% of my 2020 tax or 2) 90% of my 2021 tax. It seems that checking the "IRS to figure penalty" BOX in TurboTax, will allow me to eFile without waiting until 3/17/22 for the TurboTax update.
‎January 21, 2022
6:54 AM