- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Most taxpayers can avoid the penalty by ensuring they have paid taxes equal to 100% of the prior year tax liability. This can be via withholding or estimates. If your AGI is over $150,000, you must pay 110% of the prior year tax liability in order to avoid a penalty.
If you have W-2 income, just be sure you withhold an amount equal to or more than your 2018 tax liability (or 110% of it if AGI is over $150,000).
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 27, 2019
10:03 AM
1,174 Views