Don't get hit by THIS tax penalty...
Owe taxes in April? You might also owe this hidden penalty 👇
Most people don’t realize it, but if you underpay your taxes throughout the year
The IRS can slap you with a penalty of up to 8% on top of what you already owe
That’s way higher than it used to be
And it’s been quietly catching people off guard for the past few years
Here’s when you’re at risk:
⚠ Your employer is withholding too little
⚠ You have self-employment or side hustle income
⚠ You’re not making estimated payments or they’re too low
If you underpay by more than $1,000, that 8% adds up fast
The good news?
It’s not too late to fix it
If you're reading this mid-year, you can still:
✅ Adjust your W-4 with your employer
✅ Boost your quarterly payments
✅ Avoid the penalty as if it never happened
Being proactive now can save you a nasty surprise next April
Want more ways to bullet-proof your financial future?
✅ Follow @wolfeonwealth for more tips like this.
-
The content shared by WolfeOnWealth is for educational and informational purposes only. It should not be construed as tax, legal, accounting, or investment advice.
Видео Don't get hit by THIS tax penalty... канала Bob Wolfe, CFP®, EA, CSLP®
Most people don’t realize it, but if you underpay your taxes throughout the year
The IRS can slap you with a penalty of up to 8% on top of what you already owe
That’s way higher than it used to be
And it’s been quietly catching people off guard for the past few years
Here’s when you’re at risk:
⚠ Your employer is withholding too little
⚠ You have self-employment or side hustle income
⚠ You’re not making estimated payments or they’re too low
If you underpay by more than $1,000, that 8% adds up fast
The good news?
It’s not too late to fix it
If you're reading this mid-year, you can still:
✅ Adjust your W-4 with your employer
✅ Boost your quarterly payments
✅ Avoid the penalty as if it never happened
Being proactive now can save you a nasty surprise next April
Want more ways to bullet-proof your financial future?
✅ Follow @wolfeonwealth for more tips like this.
-
The content shared by WolfeOnWealth is for educational and informational purposes only. It should not be construed as tax, legal, accounting, or investment advice.
Видео Don't get hit by THIS tax penalty... канала Bob Wolfe, CFP®, EA, CSLP®
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6 сентября 2025 г. 18:04:11
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