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underpaying withholding penalty?
While calculating our 2023 taxes I discovered that our withholding was $3000 short of the calculated Federal tax. ( $9500 withholding, $12,500 calculated tax) Will we be charged an underpayment penalty? Do we just file and pay the calculated tax on time then wait and see if the IRS will charge a penalty ?
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‎February 19, 2024
4:30 PM