DP-2210/2220: Exceptions and Penalty for Underpayment of Estimated Tax (2024)
New Hampshire · New Hampshire DRA · Used for tax years 2024
New Hampshire Form DP-2210/2220 calculates underpayments of estimated tax and any related penalty for 2024. It includes sections for calculating installment underpayments, checking exceptions to the penalty, and calculating the total penalty.
When it's due
For tax year 2024, Line 3(a) lists estimated-tax installment dates as the 15th of the 4th, 6th, 9th, and 12th months of your tax period, or asks you to specify statutory due dates.
Interest & Dividends Tax filers are directed to the instructions for installment dates. Those instructions were not provided.
What you'll need
Have the following information ready to complete the form:
- Taxpayer name and taxpayer identification number.
- Your tax period and the type of return: Business Tax Return(s), Interest & Dividends Tax Return, or Other.
- Current-year tax and amounts paid on time or credited for each installment period.
- Installment dates and payment dates for the penalty calculation.
- Prior-period tax information if claiming a prior-period exception.
Attach a schedule if claiming the exception for tax on annualized income on Line 15.
Common mistakes
- Not rounding amounts: The form directs you to round to the nearest whole dollar.
- Overlooking the prior-year requirement: For the prior-period tax exception on Line 11, the prior year must be 12 full months.
- Leaving out the annualized-income schedule: Line 15 requires an attached schedule.
- Using the installment dates without checking the I&D guidance: Line 3(a) directs Interest & Dividends Tax filers to the instructions, which were not provided.
Questions people ask
How does the form calculate the required installments?
Line 2 is 90% of current-year tax from Line 1. Line 3(c) multiplies that amount by 25% for each of the four installment columns.
What happens if I overpaid a previous installment?
Line 7 calculates the overpayment and directs you to enter it on Line 5 of the next column.
What penalty exceptions are listed?
Part II lists exceptions based on the prior period’s tax, the prior period’s tax base and facts using the current year’s tax rate, and tax on annualized income. The prior-period tax exception requires a prior year of 12 full months. The annualized-income exception requires an attached schedule. Part II refers you to the instructions for details, but those instructions were not provided.
What rates does the 2024 form use to calculate the penalty?
Part III uses 9% for interest due through December 31, 2024, and 10% for interest due after December 31, 2024. Each calculation uses the underpayment amount and the applicable number of days divided by 365.
What ending date is used to count days for the penalty?
Line 17 uses the payment date or the statutory due date of the tax, whichever is earlier. Line 18 counts the days from the installment date on Line 3(a) to that ending date.