quantised
Returning Member

I have ignorantly provided wrong information on my W4. The total was 8 instead of 4 and realised only after the end of the year. How do I fix this?

I have ignorantly provided wrong information on my W4. The total was 8 instead of 4 and realised only after the end of the year. 


From online calculations, looks like I'll have to pay a hefty sum as tax. 

Now can someone please help me understand if there will a penalty and what can i do to avoid it? or how do I fix this?