Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Dec 30, 2023 4:16:25 PM

Tax underpayment penalty

Never mind ... somehow got to the Canada page. 

 

Doing some prep for 2023 tax.

 

There will be taxes due but estimated taxes equal to last year's tax liabiity have been paid.

 

The documentation says taxes withheld must be 100% of 2022 tax liability if AGI is up to $150K (amount is $75K if married filing separately).  What about filing single?  Is it the $150K threshold.

 

Thanks

 

0 1 304
1 Replies
Intuit Alumni
Jan 2, 2024 7:35:53 AM

Thank you for updating us.

 

Thank you for choosing TurboTax.