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February 26, 2025
Question

Turbotax premier not correctly calculating safe harbor for estimated tax

  • February 26, 2025
  • 1 reply
  • 0 views

Is there a way I can amend the amount manually? 

The amount I owe is 9% of my total tax liability (so I fulfilled the 90% requirement) and I also paid 160% of my last years tax liability (which fulfills the 110% of previous years tax for 150k+ income). I also filled out the Other tax situations > Underpayment penalty section. However, TT is still calculating that I owe underpayment penalty + interest. 

    1 reply

    February 26, 2025

    It depends. You can print your estimated tax payments and change the amount manually before mailing your payment. Or you also have the option of simply making your estimated tax payments online.

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