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Get your taxes done using TurboTax
Generally, most taxpayers will avoid the penalty if they either owe less than $1,000 or if they paid at least 90% of the tax for the current year or 100% of the tax shown on the return for the prior year. If you owe the penalty and it's not shown on your return, IRS will send you a bill (letter) and give you a date to pay, after which additional charges will accrue.
‎April 9, 2021
11:45 AM