TurboTax is showing an underpayment penalty...remove?I should be exempt because I live in an area that was declared a major disaster FEMA DR-4828-FL "Hurricane Helene."
TurboTax is showing an underpayment penalty...remove?I should be exempt because I live in an area that was declared a major disaster FEMA DR-4828-FL "Hurricane Helene."
To remove the underpayment penalty in TurboTax due to living in an area declared a major disaster (FEMA DR-4828-FL "Hurricane Helene"), follow these steps:
Steps to Remove Underpayment Penalty
Open Your Return: Sign in to TurboTax and open your tax return.
Search for Underpayment Penalty: Enter "underpayment penalty" in the search box and select the "Jump to underpayment penalty" link.
Apply for Waiver: In the "Other Tax Situations" section, select "Underpayment Penalties" under "Additional Tax Payments."
Answer Questions: Answer the questions to indicate that you qualify for an exemption due to the disaster declaration.