Yeah, that's not what I asked. I know what it is. My state employer always does my withholding which was just fine last year, and resulted in me owing a bit (under $200). I received a 2% increase halfway through the year, no major life changes - no household changes, no new car/house... nothing.
Now I am hit with a "underpayment penalty"?
I want to know how many other people have seemingly been hit with a penalty when their circumstances have not changed or changed seemingly little - especially when they are salaried employees. I am not a small business owner or self-employed. It seems if I am using the withholding calculator, and everything is steady - I should come out right in the end. I am wanting to see if ANYONE ELSE had my experience.
