turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

lbernard
New Member

My 2016 tax withholding was over 100% of 2015 tax liability, per the safe-harbor requirement; how do I enter the 2015 tax liability to avoid 2016 underpayment penalty?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
Coleen3
Intuit Alumni

My 2016 tax withholding was over 100% of 2015 tax liability, per the safe-harbor requirement; how do I enter the 2015 tax liability to avoid 2016 underpayment penalty?

To enter underpayment penalty information in TurboTax online program, go to:

1.  Sign into your account and select Take me to my return

2.  Select tab from the top, Federal Taxes / Other Tax Situations

3.  Scroll down to Additional Tax Payment, select Underpayment Penalties and Start 


View solution in original post

1 Reply
Coleen3
Intuit Alumni

My 2016 tax withholding was over 100% of 2015 tax liability, per the safe-harbor requirement; how do I enter the 2015 tax liability to avoid 2016 underpayment penalty?

To enter underpayment penalty information in TurboTax online program, go to:

1.  Sign into your account and select Take me to my return

2.  Select tab from the top, Federal Taxes / Other Tax Situations

3.  Scroll down to Additional Tax Payment, select Underpayment Penalties and Start 


message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies