NicolleR1
Expert Alumni

Get your taxes done using TurboTax

The IRS defines taxes as "Pay as you go". This means that you are responsible to pay the proper amount of taxes on each paycheck accordingly. If you didn't have enough withholdings from your earnings throughout the year, the IRS could assess an underpayment penalty. 

Click on the link below for a detailed explanation 

Underpayment of estimated tax by individuals penalty