Will TurboTax handle the automatic 2022 tax extension for California? Do I need to do anything special on my end or just file by the October deadline?

[Need1Answer]

IF TT's electronic, online version has been updated to acknowledge Alameda County, CA as having experienced a disaster in 2022 and given an automatic tax extension, why am I being charged a Failure to Pay Estimated Taxes fee online?  How can I obtain an explanation for the application of this fee.  And if it is an error related to  the automatic extension for the disaster, how can I "undo" this penalty in TT before I file?

[VolvoGirl]

Do you have a penalty on 1040 line 38?  it's not for filing or paying late.  It doesn't have to do with last year's tax return or not paying estimates for this year.  The penalty is an "estimated" amount.    It's a penalty if you owe too much or for not paying in enough withholding during the year or not paying in evenly.  It's very common and normal and expected for the IRS or state to bill you for more or send you a refund.

You might be able to eliminate it or at least reduce it.  You can go to Federal Taxes tab or Personal tab, under Other Tax Situations and select Start by the Underpayment Penalties. You will answer a series of questions that may reduce or eliminate the penalty. Or you can elect to have the IRS figure the penalty for you.  It's form 2210.

It's under

Federal or Personal (for Home & Business Desktop)

Other Tax Situations

Additional Tax Payments

Underpayment Penalties - Click the Start or update button

[chrisjli]

Finally got all the tax forms and just finished  putting all info in Turbotax. When I printed the forms,  it still shows 4/18/2023 as the deadline on the summary page. Also the penalty is much higher than when I printed the incompleted forms (with very similar info as the completed return) back in April.   

I am California disaster relief area.  Is Turbotax supposed to show 10/16/23 as the deadline on the summary page, and automatically waive the interest from April to October?  The only thing I can think of is that I have a rental property in Texas, could that make me ineligible for the extension?

Thanks! 

@PattiF 

@MinhT1