Hi,
Based on the withholding on my W2 for 2024, I don't owe any tax on the return. But, when I added in the interests earned from my bank's 1099-INT (from CD), I end up owing $1200 taxes. Does this mean I will have underpayment penalty because I owe more the $1000?
If yes, what do I need to do more for 2024 return?
If yes, what do I need to do for 2025 to avoid this penalty?
