https://ttlc.intuit.com/community/taxes/discussion/irs/01/3365408#M1241786 <P>Does the IRS penalize you for not withholding enough taxes out of your paycheck?</P> Wed, 11 Feb 2026 09:32:22 GMT Bissawo 2026-02-11T09:32:22Z https://ttlc.intuit.com/community/taxes/discussion/irs/01/3365408#M1241786 <P>Does the IRS penalize you for not withholding enough taxes out of your paycheck?</P> Wed, 11 Feb 2026 09:32:22 GMT https://ttlc.intuit.com/community/taxes/discussion/irs/01/3365408#M1241786 Bissawo 2026-02-11T09:32:22Z https://ttlc.intuit.com/community/taxes/discussion/re-irs/01/3365424#M1241787 <P>Yes, the IRS will assess penalties and/or interest on the underpayment of taxes during the year. If you have self employment income you should make estimated tax payments during the year. If you earn wages from your employer you need to complete Form W-4 to ensure the correct amount is withheld.</P> <P>&nbsp;</P> <P>The article below goes into more detail about IRS penalties on the underpayment of taxes.</P> <P><A href="https://www.irs.gov/payments/underpayment-of-estimated-tax-by-individuals-penalty" target="_self">https://www.irs.gov/payments/underpayment-of-estimated-tax-by-individuals-penalty</A>&nbsp;</P> <P>&nbsp;</P> <P>**Say "Thanks" by clicking the thumb icon in a post<BR />**Mark the post that answers your question by clicking on "Mark as Best Answer"</P> Wed, 29 May 2024 20:11:00 GMT https://ttlc.intuit.com/community/taxes/discussion/re-irs/01/3365424#M1241787 GabriellP 2024-05-29T20:11:00Z