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torstenj
New Member

Why do I have an underpayment penalty if I paid all 4 installments of my estimated tax?

 
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1 Reply
rnmurdock
New Member

Why do I have an underpayment penalty if I paid all 4 installments of my estimated tax?

If the total estimated tax you paid is less than your 2017 total tax liability, or your 2018 tax liability is more than $1000 more than you paid in estimated tax, you will owe a penalty.  Hope this helps.

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