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TurboTax incorrectly calculated the interest owed on underpayment of Oregon taxes.

TurboTax incorrectly calculated the interest owed on underpayment of Oregon taxes.

 

I paid some tax to the state of Oregon with estimated tax payments. I also had taxes withheld from my IRA distributions.  The total amount of tax I paid was 92% of my tax liability from 2023. According to the oregon.gov website as long as I paid at least 90% of my tax liability for the previous year, there is no penalty.

 

TurboTax improperly calculated that I owed $78 in interest on underpayment of Oregon state taxes this year. In fact, I owe $0.

 

I just received a letter from the Oregon Department of Revenue telling me this. You really should fix this.

 

 

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