Skip to main content
Some individual taxpayers get relief from underpayment penalty
1/18/2019

Responding to concerns that individual taxpayers' tax might be underwithheld because of changes made by the law known as the Tax Cuts and Jobs Act, the Internal Revenue Service has granted limited relief from the underpayment penalty. The relief applies to individuals whose tax withheld and estimated tax payments equal at least 85% of tax shown on their 2018 tax return.

Full Story: