KrisD15
Expert Alumni

Get your taxes done using TurboTax

If the withholding was 100% of 2019 tax, there is no penalty.

 

According to the IRS:

 

 “Generally, most taxpayers will avoid this penalty if they either owe less than $1,000 in tax after subtracting their withholding and refundable credits, or if they paid withholding and estimated tax of at least 90% of the tax for the current year or 100% of the tax shown on the return for the prior year, whichever is smaller.”

 

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