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IRS penalties on American taxpayers surged nearly 300% last year
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06-20-2024, 09:55 AM
(This post was last modified: 06-20-2024, 09:56 AM by The Real Marty. Edited 1 time in total.)
Estimated taxes are very easy to calculate. All you have to do is take the previous year's tax, and divide by 4. As long as those 4 payments at least equal the previous year's tax, there won't be any penalty for underpayment. If you make over $75,000, it has to be 110% instead of 100%. You don't need a professional tax service to figure that out.
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