Just an FYI, I have a small penalty due to under payments and noticed that TurboTax is using 4% for the first quarter, 5% second, 6% third and 7% for the 4th quarter interest rates on the under payed amounts. I pay quarterly and under pay on purpose, but I need to fine tune a little better for 2023.
Now my penalty is only $62, but I had expected half that amount.
IRS interest rates increased for Form 2210 in 2022
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FrankLUSMC
- Posts: 284
- Joined: Tue Nov 28, 2017 12:43 pm