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The Safe Harbor Estimated Tax

There are what's known as safe harbor payment options, so that you basely can be in the scenaria where it is uncertain. The iris will not charge you an under payment penalty if you pay at least 90 % of the tax you owe for the current year. You just have to pay your tax as you normally would, but you're not going to get hit with penalty. If a g i on your prior year return is over a hundred and 50 thousand dollars, you must pay the lower of 90% of the tax shown in the current year return.

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