Skip to main content
May 15, 2021
Question

My husband didn't withhold enough fed withholding and we have to pay an underpayment penalty. It is asking do I want to treat tax withheld as paid when it was withheld?

  • May 15, 2021
  • 1 reply
  • 0 views
* when it was actually withheld?  Do I want to do this? yes or no

1 reply

May 15, 2021

no way to tell which will produce a lower penalty unless you try both.  the simple method is 1/4 each quarter. the exact method is withholding for the 3,5,8, and12 months