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June 3, 2019
Question

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

  • June 3, 2019
  • 1 reply
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1 reply

June 3, 2019

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.