You must pay the entire tax bill by the date entered for the penalty reduction to occur. You can pay the balance earlier than 3/27/2025. If you overpay the penalty, the IRS will refund any overpayment amount. Yes, if you pay the entire balance by the due date entered on the return, you will not get a second bill for the penalty, as you have already paid that balance. You will only be billed an additional amount if you exceed the date you entered for when you will pay. If you do not enter an amount, the software assumes the entire tax bill will be made on 4/15/2025. If you pay by 4/15/2025, you will not receive an additional bill for the amount due. You will only receive a bill for the remaining balance if your payment is made after the 4/15/2025 deadline. If you do not put a date in and pay before the 4/15/2025 deadline, the IRS will refund any penalty difference for paying early.
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