Estimated Tax Penalty Waived for Many Taxpayers

2019-04-18T14:53:53+00:00January 21st, 2019|

WASHINGTON — The Internal Revenue Service announced  it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.

The IRS is generally waiving the penalty for any taxpayer who paid at least 85 percent of their total tax […]