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Estimated tax penalty
What i understand is if I pay in with my W-2 withholding plus estimated tax at least 90% of current year tax liability, I will not have a penalty.
Also, if I pay in 100% of last years tax liability, I should be okay? My penalty is calculating based on 110%of last years. is that based on my agi?
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‎October 10, 2024
10:43 AM