- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
The key is to avoid a penalty for underpayment of estimated tax.
You can avoid that penalty if:
1) You owe less than $1,000 in tax, after subtracting any withholding and refundable credits, OR
2) You paid withholding and estimated tax of at least 90% of the tax for the current year or 100% of the tax shown on your return for the prior year, whichever is smaller.
‎August 31, 2020
6:44 AM