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Good to know we're on the same page now @BillM223

 

Interest rate increase in 2023 caught me off guard. I should've increased my withholding in 2023 to cover huge interest income. I made no withholding change to my salary last year. Now I have to worry about 2023 underpayment and penalty.

 

I will definitely increase my withholding in 2024 to cover my interest income tax.