So when you say:
- 100% (110%) of your actual 2020 taxes
Does that mean that the penalty threshold only applies to amounts paid at tax time and not including amounts deferred?
So in my case, with payment due at 2020 filing of $1036, I only need to pay that much during 2021 regardless of the amount of my actual tax due at 2021 filing? I may be short and need to have the amount available to pay, but won't be subject to a penalty?
Thanks in advance for your clarification.
