@fanfare wrote:
As long as you withheld through 2021 at least the amount of tax you paid for 2020,
there is no under-withholding penalty.
There are 3 ways to avoid the penalty.
- Owe less than $1000 at tax time
- Pay into the system at least 90% of the tax you owe this year
- Pay into the system at least 100% of your tax liability from last year (or 110% if your AGI is more than $150,000).
