Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
firemanept
New Member

Does anyone know why I am being charged $252 on my return for "penalty/interest" when I am filing and paying on time?

 
1 Reply
ssrivastav
New Member

Does anyone know why I am being charged $252 on my return for "penalty/interest" when I am filing and paying on time?

Likely has to do with your withholdings not being adequate, resulting in a penalty that's proportional to the delta between your taxes due for the year and the amount withheld over the year. (I am no tax pro)
Dynamic AdsDynamic Ads
Privacy Settings
v