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April 11, 2021
Question

Not picking up input State Income Tax

  • April 11, 2021
  • 1 reply
  • 0 views

Turbo Tax says that I am receiving a penalty for underpayment or estimated taxes. Which I am doing neither. It is showing a large amount I will owe for State Taxes. There is no reason I would owe anything. I should be getting a small refund. We are also encountering the same problem on other family members trying to file their taxes on this program.

    1 reply

    April 13, 2021

    A penalty for underpayment of taxes is usually associated with owing taxes when you complete your return. I suggest you look at the income tax summary in TurboTax and compare it with last year's tax return to see if anything looks incorrect. You can view the summary while in the online version of TurboTax by following these steps (you need to be in the state section before you proceed):

    1. Tools (left side of the menu bar)
    2. Tax Tools 
    3. View Tax Summary

     

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