topic Re: Possible Penalty Exception in Get your taxes done using TurboTax

Possible Penalty Exception

user17576955373 — Wed, 17 Sep 2025 16:22:24 GMT

Is your 2023 tax liability zero?

Is this asking if you paid enough in that you received a refund (with no additional payment) or that you didn't make enough to need to file or received all withholdings back?

Re: Possible Penalty Exception

user17576955373 — Wed, 17 Sep 2025 17:37:54 GMT

I posted this earlier but it is no longer showing on the Discussion Board. No reply received. Any Idea why?

Is your 2023 tax liability zero?

Is this asking if you paid enough in that you received a refund (with no additional payment) or that you didn't make enough to need to file or received all withholdings back?

Re: Possible Penalty Exception

dmertz — Wed, 17 Sep 2025 18:12:27 GMT

Your 2023 tax liability is the amount shown on line 24 of your 2023 Form 1040.

Re: Possible Penalty Exception

fanfare — Wed, 17 Sep 2025 23:39:09 GMT

When your prior year tax is zero, the underwithholding penalty calculation for this year is moot.

You won't be penalized.

@user17576955373