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If you do not pay in enough tax from withholding and estimates, you may have to pay a penalty for underpayment of estimated tax. The penalty is an Estimated amount. Even if you are getting a refund you can still owe a penalty for not paying in evenly during the year. Generally, most taxpayers will avoid this penalty if they owe less than $1,000 in tax after subtracting their withholdings and credits, or if they paid at least 90% of the tax for the current year, or 100% of the tax shown on the return for the prior year, whichever is smaller. It is included in your tax due or reduces your refund. If you get a penalty on 1040 line 38, you might be able to eliminate it or at least reduce it. You can go to Federal Taxes tab or Personal tab, under Other Tax Situations and select Start by the Underpayment Penalties. You will answer a series of questions that may reduce or eliminate the penalty. Or you can elect to have the IRS figure the penalty for you. It's form 2210.   It's under Federal tab or Personal (for Home & Business Desktop) Other Tax Situations Additional Tax Payments Underpayment Penalties - Click the Start or update button IRS Form 2210 https://www.irs.gov/pub/irs-pdf/f2210.pdf IRS Form 2210 Instructions https://www.irs.gov/pub/irs-pdf/i2210.pdf  

there are certain obnoxious feature that come standard with w11 though they can be uninstalled or disabled. One Drive automatically store copies of documents you create on Google One Drive. you worry about your info being ion Intuit's servers. that's no different than your data being stored on the web in One Drive.  MS Edge which is now an integral part of the W11 OS allows MS to track your browsing history. clearing that after use may do nothing to prevent you from getting targeted ads. Might Try a different browser but do they all snoop to target ads.  

If your federal refund is enough to cover your TurboTax fees PLUS the extra “refund processing” fee of $40 ($45 in CA) and your forms are ready then when you are in the FILE section you can choose to have your fees deducted from your federal refund by a third party bank, who will take out your fees and send you the rest of your refund after the IRS issues the refund.    What is Refund Processing Service?     How can I see my TurboTax  fees?      https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k  

I just got a survey from TT asking me what I will do in response to the Win 11 requirement. One of the options  (which I selected) was, "look for another tax program."   If they get enough responses like mine, maybe they'll back off.  

They just don't get it!   Hi Valued Customer, We're reaching out with this important follow-up notice regarding the end of support from Microsoft for Windows 10 and its impact on TurboTax Desktop software. TurboTax Desktop software for tax year 2025 and beyond won't be compatible with devices using Windows 10, including those with an Extended Security Updates (ESU) program purchased from Microsoft. To use TurboTax Desktop software for tax year 2025, your computer will need to run on Microsoft Windows 11 operating system. If you don’t plan on upgrading to Windows 11, we recommend using TurboTax Online, which will work on any supported web browser. Later in the year, we’ll be sending you some discount offers you can use for any eligible TurboTax Online product for tax year 2025. If you have a Mac computer, your computer will need to run on macOS Sonoma 14 operating system (or later). For more resources and additional information about this change, please refer to the help article: How does the end of support for Windows 10 affect my TurboTax Desktop experience? To help us understand your plans for the 2025 tax season, please select the option that most closely matches your next step: I already upgraded to Windows 11 I haven't upgraded to Windows 11 yet but plan to I will use TurboTax Online I’ll look for another Windows 10 desktop software I will have a tax professional prepare my taxes for me Don't know/other Thanks for being a part of the TurboTax family. Warm regards, The TurboTax Team

so sorry! I thought you were one of the experts and was very confused by your question thinking you "should know better" - profuse apologies for not understanding your question and the tone of my response or where you were coming from!  

We do not have an exact date.   Usually the desktop software becomes available in mid to late November, followed by online a week or two later.   Even when the new software is released it will require many updates.

@jrios58 wrote: I have a similar issue--I retired this year so my 6 month lookback falls partly into 2024.  I can correct the 2025, by calling the funds excess contributions, but should I file an amended return for 2024 so I can pay the penalty?   (My husband retires this year as well, at least we can fix his first!  What a hassle.  I had never heard of this rule before today!) Yes, for your 2025 contributions, you need to remove them as excess contributions before the April 15, 2026 tax filing deadline, along with any income that can be attributed to the contributions.  You lose the tax deduction, and the interest is taxable income, but there is no additional penalty.   For 2024, it is too late to use the special removal procedure.  You need to file an amended return indicating in the insurance interview that you were only HSA-qualified for some of the months (up to your back dated enrollment month). Turbotax will calculate the amount you were allowed to contribute.  If you contributed more than that amount, the excess will be added back to your taxable income (you lose the deduction) and you will be assessed a 6% penalty.  Then, you can remove the excess funds in 2025 by making a regular withdrawal NOT used for medical expenses.  The withdrawal is taxable (like an IRA) but because you are over age 65, it is not subject to any penalties.  (In other words, if your medical expenses for 2025 are $3000 and your excess from 2024 was $2000, you would withdraw $5000 in 2025.  The $2000 not used for medical expenses will count as a removal of the excess from 2024.)

You need to estimate your overall tax picture, including your RMD, Social Security, and any other income, and then use your RMD withholding to fill the gap.   IRA providers typically withhold 10% of your RMD for federal income taxes by default. This is optional, and you can adjust it up or down based on your needs. You can file Form W-4P with your IRA provider to change the withholding amount.   California taxes RMD withdrawals as ordinary income. Your RMD will be added to your other taxable income for the year. California's income tax brackets range from 1% to 13.3%, so the appropriate tax rate depends on your overall income.    @motalk55 Hope this helps!!

Regarding your last comment about avoiding the penalty if my tax return shows that I owe less than $1000, I'm having trouble squaring that statement with what I see at the top of the https://www.irs.gov/faqs/estimated-tax/individuals/individuals-2 page that you provided, where it says: " If you don't pay enough tax by the due date of each payment period, you may be charged a penalty even if you're due a refund when you file your income tax return at the end of the year." Can you resolve this seeming contradiction?        

@MJ Sally I am extremely curious if you figured it out as it seems noone has a definitive answer. Where you able to eFile with basically one Form 8938 and account numbers - 1 attachments of part V with Turbotax? My situation would be 10+ accounts in case you figured out some definitive number of account limitation. If you were not able to eFile with Turbotax , where you able to figure another solution to eFile as seemingly other tax software has the problem with Form 8938 and attachments also or did you end up filing by printing and mailing? Thanks. An answer would be very much appreciated. Like I said, extremely curious to get a real world evidence based answer.