July 18, 2024

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The Surprise Bill Coming to Those Who Underpay Their Taxes

1 min read

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. 

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2023-12-02 21:00:00

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