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July 13, 2019
Question

I paid a penalty because I received a lump sum payout for sick time when I retired. Is this correct?

  • July 13, 2019
  • 1 reply
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    1 reply

    Employee
    July 14, 2019

    If you did not have enough taxes withheld from that payment, most likely you were hit with an underpayment of estimated tax penalty.