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Get your taxes done using TurboTax
Your estimated tax penalty is added to the amount you owe
Therefor if you fail to pay, you will pay interest on your tax balance and the estimated tax penalty
If you don't pay the penalty, you have a shortfall and you will be paying interest on the estimated tax penalty
If you pay on time, your penalty is fixed.
IRS cannot abate interest.
‎February 16, 2023
10:09 AM
7,275 Views