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Deductions & credits
Got it.
Someone here mentioned 'underpayment penality' in his reply:
Underpayment of taxes is figured on a quarterly basis, so waiting until filing to pay your entire tax liability will generally result in underpayment penalties.
If I withhold the 401k taxes, does this underpayment penalty apply to me?
‎April 27, 2024
7:56 AM