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wood_blake
Returning Member

Why is my return showing $207 in penalty/interest. The deadline was extended to April 18. Could this be because I didn't pay quarterly estimated taxes last year?

 
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1 Reply

Why is my return showing $207 in penalty/interest. The deadline was extended to April 18. Could this be because I didn't pay quarterly estimated taxes last year?

Yes, you can be charged penalty  if your withholding or estimated tax payments were too low.  There are exceptions.  See IRS publication 17.
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