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Retirement tax questions
Form 2210 has been updated.
IRS Form 2210 (Underpayment of Estimated Tax by Individuals, Estates, and Trusts) calculates the underpayment penalty if you didn't withhold or pay enough taxes during the tax year.
We'll automatically generate a Form 2210 if your return needs it. Or you can revisit this section:
Note: You'll need your prior year tax return to answer the questions.
- Sign in to TurboTax and open or continue your return.
- Search for underpayment of taxes.
- Select the Jump to link in the search results.
- The Underpayment Penalties screen will display the penalty amount. Select Continue to review this section and make any needed adjustments.
- Note: If you see No Underpayment Penalty, you either haven't entered your income and/or estimated tax payments yet, or you aren't subject to an underpayment penalty.
(Optional) Keep going, and when you get to the Annualized Income Method screen, answer Yes if you want to see if we can reduce the penalty.
If you're having an issue generating the form, it could be a cache issue.
Your browser stores recently visited webpages as temporary files in a cache, which enables the pages to load more quickly when revisited.
However, a full or corrupted cache can cause problems in TurboTax, so sometimes you need to clear your cache (that is, remove these temporary files).
Here are the official instructions for the most popular browsers:
- Google Chrome
- Mozilla Firefox
- Microsoft Internet Explorer 11 (use the drop-down on the upper right corner of that page for earlier versions)
- Microsoft Edge
Apple's official support site doesn't appear to contain instructions for clearing the cache in Safari. Your best bet is to search the Internet for clear Safari cache or similar search terms.
If your cache isn't the issue, it might be best to delete it and start again.
@jianglai