Underpayment of tax exceptions

[wornoutmba]

I paid 100% of the tax due in 2022 which the IRS website says is an exception for having to pay a penalty. I can not find a place in Turbotax to show this. Any suggestions on what to do?

[Vanessa A]

If you are seeing a penalty, you can go back into the program under 

1. Other Tax Situations
2. Additional Tax Payments
3. Underpayment penalties and select start or update next to Underpayment Penalties. 

Some exceptions to the penalty are 

• You had $0 tax liability in 2022
• You paid 100% of your 2022 tax liability
• You paid 90% of your 2023 tax liability 
• You or your spouse (if you file a joint return) retired in the past 2 years after reaching age 62 or became disabled and you had reasonable cause to underpay or pay your estimated tax late

[Katidid]

If your AGI is above $150,000, you needed to pay a minimum of 110% of your prior year taxes to avoid penalty.