Quote:
Originally Posted by NY2TV
I can tell that a lot of the advice here is not from accountants. Those that told you that you can avoid a penalty by paying the previous year's tax liability failed to mention that if your 2020 Adjusted Gross Income was $150,000 or more, you need to have paid 110% of the previous year's tax liability. If I were you, I would contact a tax accountant for tax advice.
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Thanks. I didn't know about that rule, but TurboTax does. I also think that TurboTax knows a lot more about the tax rules than any tax preparer, and makes fewer errors.