how to cancel my filing for federal and state taxes on turbotax

Forum|Forum|1 year ago
January 29, 2025
1 reply
0 views

how to cancel my filing for federal and state taxes on TurboTax. i am stuck and do not understand what they are charging me

it shows me that I owe State of Maryland interest $265 for 2024 about underpayment , why?

i am worried that from 2021 till now my taxes were not correct and i pay for penities for no good reason

JotikaT2

As long as you have not proceeded through the filing section of the program, your tax returns would not be filed yet.

Maryland does not assess any underpayment interest and penalties if your total tax due to the state is either under $500, or if you have paid in at least 90% of the current year tax liability or 110% of the prior year tax liability spread out evenly throughout the year. However, if your tax due exceeds any of these amounts, then you may be liable for the underpayment interest.

Any underpayment interest would be calculated and reported on Maryland Form 502UP.

If you have questions about your TurboTax fees, you can use the information in this link to discuss your fees with an agent.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"