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

 
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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)
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