a lot more people working as Uber drivers, , delivering food through DoorDash and other parts They’re supposed to instead be making quarterly “estimated” tax payments to the IRS — and if they haven’t, they’ll be in a for a nasty surprise when they file.
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“That eats up a refund almost instantaneously,” said Buttonow. The number of filers charged penalties for failing to pay estimated taxes jumped last year to 13 million, a one-third increase compared to the year before the pandemic, IRS statistics show. More than four million of them made less than $75,000.
“That eats up a refund almost instantaneously,” said Buttonow.
The number of filers charged penalties for failing to pay estimated taxes jumped last year to 13 million, a one-third increase compared to the year before the pandemic, IRS statistics show. More than four million of them made less than $75,000.
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