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Get your taxes done using TurboTax
The US is a pay as you go system, so if you don't pay enough tax throughout the year, you face underpayment penalty.
The fee is normally waived if you paid 90% of your tax due, but it was lowered his year to not be applied if you paid 85% of the tax due.
For more information, follow this link: IRS on Underpayment Penalties
‎June 6, 2019
12:09 AM