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April 3, 2020
Question

How do I figure out what the penalty for underpayment of estimated tax is? It does not show this on my w-2 and that is all I have.

  • April 3, 2020
  • 1 reply
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1 reply

April 3, 2020

TurboTax will calculate the Penalty for Underpayment of Taxes for you on Form 2210.

 

If your employer did not withhold enough taxes on your W-2, you may not owe a Penalty, if you owe less than $1,000.

 

You might want to review your entries in this section.  

 

Click this link for more info on Form 2210.