I was going over my taxes and notice that this upcoming year I will be on the mark with my federal when examining what my employer withheld and the taxes I owe are.
However, I noticed my dividends at the current rate will exceed the $1000 for taxes and the 90-percent rule for penalties since my dividends are in post tax accounts. Is there really a penalty on dividend and interest or did I miss something? How can I avoid the penalties aside from adjusting my W4 especially if the institution can't withhold federal taxes?
