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Is Alabama underpayment penalty what I owe on my taxes or is the state going to add more on top of what I owe

I work a lot of overtime and my taxes are different from last year since Alabama stopped taxing overtime from 2023 taxes to 2024 taxes. I already owe Alabama on my taxes. I get asked about wavering the underpayment penalty or just have Alabama send me a bill, no numbers or percentages. I’m just trying to figure out if Alabama is going to add more on top of what I owe.
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1 Reply
MaryK4
Employee Tax Expert

Is Alabama underpayment penalty what I owe on my taxes or is the state going to add more on top of what I owe

The Alabama underpayment penalty is in addition to the amount you already owe so if you have them calculate the penalty, they will send you an additional bill.  You may want to request the waiver of the penalty, your explanation of the overtime may be accepted.  Include that this is your first underpayment if it is as they may consider that as well. 

 

TurboTax will calculate the penalty for you if you choose to pay it.  

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