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I only had retirement income last year from two different sources: 401K, and a pension. Both 1099-R show that nothing was withheld for state taxes. I have to pay penalty?
TT shows I'll have to pay a penalty on my state tax return for underpayment of state taxes. No penalty on the federal return. To avoid the state return penalty next time, should I just adjust my W4 for a new job I just started to have enough state taxes withheld?
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March 20, 2021
12:01 PM