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svivirito
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Are there any changes coming soon to turbo tax to lower the underpayment penalty exception rate from 85% to 80% as recently communicated by the IRS?

 
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2 Replies

Are there any changes coming soon to turbo tax to lower the underpayment penalty exception rate from 85% to 80% as recently communicated by the IRS?

Not sure....TTX usually updates their software on Wednesdays or Thursdays....usually by sometime Thursday afternoon. Check again 5 or 6PM Thursday
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
ChristieB
New Member

Are there any changes coming soon to turbo tax to lower the underpayment penalty exception rate from 85% to 80% as recently communicated by the IRS?

The changes to Form 2210, Underpayment of Estimated Tax by Individuals, Estates and Trusts, are scheduled to be updated in a release currently planned for March 29, 2019. 

https://ttlc.intuit.com/replies/7339313

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