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April 3, 2024
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How to use Actual Withholding for Maryland State Underpayment Form 502UP

  • April 3, 2024
  • 1 reply
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How can I update Form 502UP to use my actual withholding throughout the year? Turbotax is incorrectly assuming the withholding amount was equal throughout the year and thus calculating an underpayment penalty.

Best answer by fZiOuLgz

Solution: I had to remove the state estimated payments I made from the federal section and go back through the state return to see the option to annualize. I got the idea from this post: https://ttlc.intuit.com/community/taxes/discussion/re-how-to-use-annualized-income-and-actual-tax-withholding-for-m-2210-i-was-able-to-do-that-for/01/3283501/highlight/true#M1207824

1 reply

fZiOuLgzAuthorAnswer
April 3, 2024

Solution: I had to remove the state estimated payments I made from the federal section and go back through the state return to see the option to annualize. I got the idea from this post: https://ttlc.intuit.com/community/taxes/discussion/re-how-to-use-annualized-income-and-actual-tax-withholding-for-m-2210-i-was-able-to-do-that-for/01/3283501/highlight/true#M1207824