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I can not fiqure out how to calculate My federal Tax penalty

 
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1 Reply
ClarkeB
New Member

I can not fiqure out how to calculate My federal Tax penalty

You can review the underpayment penalty section by using one of the following two methods  

First, you can perform a search within the program. 

  • Log in and click Take Me to My Return
  • Use the search icon in upper right hand corner (magnifying glass icon) - if you are using the desktop program, then use the Search Topics icon instead
  • Search for “underpayment penalty
  • Click the “Jump to underpayment penalty” link
  • This will take you directly to the section of the program where you can review the underpayment penalty and possibly qualify for an exception

Second, you can use a step by step method of getting the to same place above
  • Log in and click Take Me to My Return
  • Click Federal Taxes (Personal if in Self-Employed or Home and Business)
  • Select Other Tax Situations
  • Scroll down to Additional Tax Payments
  • Click start/edit next to Underpayment Penalties 

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