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did you owe on your 2021 return? if you owe over $1,000 Turbotax will prepare protective estimates so you don't owe a penalty for 2022.
the rules
to avoid penalty your timely estimates and withholding must equal 90% of current year tax (2022) or 100% of prior-year (2021) tax (110% if your 2021 AGI was over $150,000)
also if you owe less than $1000 there are no penalties
No we are getting a refund. Our income did go up a decent amount from last year. Would that matter?
They are basing it on your total income and doesn't grasp that you are a w-2 employee and that there is withholding each paycheck. Unless you have a large amount of other forms of income (besides a W-2), you can disregard the vouchers.
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