I paid over 110% of last years tax liability, but turbotax tool still assess penalty for not paying estimated payments. How do I remove this penalty in turbotax tool?

[MayaD]

You'll have to pay an underpayment penalty for 2022 if you owe $1,000 or more in taxes (after withholding) and:

• Your taxes withheld don't cover at least 90% of what you owe for 2022, or
• Your taxes withheld aren't at least 100% of what you owed for your 2021 taxes, if your adjusted gross income (AGI) is up to $150,000, or
• Your withholding is 110% if your AGI is more than $150,000. (The AGI amount is $75,000 if you're married filing separately.)

To revisit the penalty section:

1. Open your return.
2. Go to Other tax situations
3. Scroll to Additional Tax Payments.
4. Select Underpayment penalties.

[talakabas-gmail-]

very helpful. thank you