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Possible Penalty Exception

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?  

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3 Replies

Possible Penalty Exception

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?  

dmertz
Level 15

Possible Penalty Exception

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

Possible Penalty Exception

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

You won't be penalized.

@user17576955373 

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