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Why do I have an underpayment penalty when my federal tax due is under $1000?
Gautas
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Why do I have an underpayment penalty when my federal tax due is under $1000?
IRS guidance seems to suggest that an underpayment penalty doesn't apply if amount due is under $1000, see for example
https://www.irs.gov/taxtopics/tc306
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TurboTax Deluxe Online
‎July 8, 2020
8:08 AM
