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Question on waiver on underpayment penalty

Forum|Forum|6 years ago
February 28, 2020
2 replies
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I notice the verbiage on the waiver on underpayment penalty and it says

"You retired (after reaching age 62) or become disabled during the tax year....

I retired last year at 66. Does this apply to all ages that retire after 62? It does not say 62 only.

Best answer by

all ages after 62 who retire in the year. you could be 162 and retire in that year and qualify.

A

Anonymous

Answer

all ages after 62 who retire in the year. you could be 162 and retire in that year and qualify.

R

Rick23slash

Hello there,

My employer did not withhold taxes from my earnings and now it shows I have a penalty for underpayment of taxes. Would I be able to request a waiver for the penalty since it was the employer fault?

Thank you,

Rick

Carl11_2

Employee

You retired (after reaching age 62) or become disabled during the tax year....

I retired last year at 66.

By my count, 66 does come after 62.

Critter

Employee

@Rick23slash

Did the employer issue you a W-2 form ?

Or did you get a 1099-misc ?

R

Rick23slash

Yes, I am a W-2 employee.

Question on waiver on underpayment penalty

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