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Get your taxes done using TurboTax
No, one of the exceptions to the underpayment penalty is that you did not owe any taxes last year.
If you happen to owe again next year and do not make payments of at least $1,285 this year if you owe more than that or 90% of what you owe if you owe less than that, then you would have a penalty next year.
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March 2, 2022
2:13 PM