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AVOID PENALTIES FOR UNDERPAID TAXES


Don’t let penalties for underpaid taxes increase your tax bill next April. Check the total you’ve paid in for 2017 through withholding and/or estimated taxes. If you’ve underpaid, consider adjusting your withholding for the final months of 2017 or increasing your remaining quarterly estimate. If you employ household workers, be sure your calculations include the payroll taxes you’ll owe for them.