Underpayment penalty

smthesiger — Thu, 06 Jun 2019 07:09:12 GMT

The US is a pay as you go system, so if you don't pay eno...

CarolynM — Thu, 06 Jun 2019 07:09:12 GMT

The US is a pay as you go system, so if you don't pay enough tax throughout the year, you face underpayment penalty.

The fee is normally waived if you paid 90% of your tax due, but it was lowered his year to not be applied if you paid 85% of the tax due.

For more information, follow this link: IRS on Underpayment Penalties