As per last calculation with April 15,2020 deadline, I had underpayment penalty of $82 as tax deduction on salary/paystub was less throughout the year. I think this $82 was calcuated by turbotax based on return filing date of 25th Mar,2020. This amount increases lightly if I choose my final filing date 15th April,2020.
Now with new deadline and elimination of penalties, what will be my new underpayment pentalty, if I complete filing on July 01, 2020. What will the underpayment penalty ?
1. Zero - there will not be any penalty or interest charges till July 15,2020
2. Remain ~$82 (actually little more than $82, as penalty increases with filing date April 15, 2020) - based on last deadline April15, 2020
3. Increase based on actual planned future filing date (eg July 01,2020).
Thanks.
