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I started a new job in March, 2020. I selected the Option 2(c) on my W-4 expecting it to be the conservative option. It now appears we're underpaying. Can I pay now?
If I had chosen the 2(b) table option on the W-4, it would've been taking approximately $580 per pay period, instead only $180 has been taken out in each pay period, leaving us with an estimated shortfall of $12.5k in owed taxes. Can we simply pay this estimate to the IRS now via their only payment? I cannot for the life of me reach anyone at the IRS to help answer this question.
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‎October 23, 2020
8:49 PM