Old 07-12-20, 07:05 PM
  #4985  
Hermes
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There are two rules for deductions without penalty. One must pay in 90% each quarter of what is due IRS and there is a safe harbor if one pays in more than one owed in the previous year. Hence, one could double ones salary or have investments that generated significant income and end up owing IRS a lot but paying no penalty or interest just the tax due.
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