100%-110%

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  • Black Bart
    Senior Member
    • Jun 2005
    • 3357
    #1

    100%-110%

    Which is it, that if you paid this percentage of last year's total tax then no penalties apply?
    Tags: None
    • solomon
      Senior Member
      • Aug 2006
      • 1012
      #2
      Depends

      on what AGI is. As I recall if over 150K then 110% otherwise 100%. That is for MFJ and excludes farmers and fishermen.
      Last edited by solomon; 03-13-2007, 10:46 PM. Reason: Addition

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