The Surprise Bill Coming to Those Who Underpay Their Taxes

The Surprise Bill Coming to Those Who Underpay Their Taxes

Business
December 3, 2023 by secret
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Failing to keep up with tax payments now could lead to an expensive surprise come next spring.  As of Oct. 1, the Internal Revenue Service is charging 8% interest on estimated tax underpayments, up from 3% two years ago. The increase is one of the many effects of rising interest rates.  Copyright ©2023 Dow Jones
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Failing to keep up with tax payments now could lead to an expensive surprise come next spring. 

As of Oct. 1, the Internal Revenue Service is charging 8% interest on estimated tax underpayments, up from 3% two years ago. The increase is one of the many effects of rising interest rates. 

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8



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