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Get your taxes done using TurboTax
Can you please clarify your statement below "so even if you met the withholding requirement, timing could still impact whether a penalty applies" I can't find this language anywhere. My understanding was withholdings were always considered even payments.
However, if your AGI exceeded $150,000, the threshold increases to 110% of the prior year's tax. Additionally, the IRS requires estimated tax payments to be made quarterly, so even if you met the withholding requirement, timing could still impact whether a penalty applies.
a week ago