Skip to main content
Level 1
April 14, 2026
Question

i paid 90% of tax liability but turbo tax is still calculating underpayment penalties. how can i remove underpayment penalty from turbo tax?

  • April 14, 2026
  • 1 reply
  • 58 views
No text available

1 reply

Mike9241
Level 15
Level 15
April 14, 2026

The usual reason for this is that you meet the 90% yest for the entire year, but 1/4 of this was not paid timely for each period. You can use the annualized installment method to see if that will lower the penalty 

Mike9241