Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Feb 23, 2025 3:37:40 PM

I paid CA estimated tax for 2024 based on the calculation from TurboTax, but I'm still asked by TurboTax to pay tax underpayment for CA. Any solution for this?

0 2 833
2 Replies
Expert Alumni
Feb 23, 2025 3:46:23 PM

TurboTax calculates the estimated tax payments based on 100% of the tax shown on your 2023 tax return including Alternative Minimum Tax (AMT).   These amounts may be different if you are a higher income taxpayer,

Level 2
Feb 26, 2025 3:09:36 PM

After awhile, the penalty disappeared! Everything is good.