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IRS move could carry hefty cost for some taxpayers

The IRS is raising the interest penalty for underpayment of estimated taxes, with taxpayers who are self-employed or work as independent contractors urged to be vigilant.

IRS move could carry hefty cost for some taxpayers

The IRS is raising the interest penalty for underpayment of estimated taxes, with taxpayers who are self-employed or work as independent contractors urged to be vigilant.

IRS move could carry hefty cost for some taxpayers

The IRS is raising the interest penalty for underpayment of estimated taxes, with taxpayers who are self-employed or work as independent contractors urged to be vigilant.

IRS underpayment penalty soars to 8%

The IRS penalty for estimated tax underpayments has nearly tripled since 2021, which means gig economy workers and consultants could now have to cough up big bucks to Uncle Sam if they don't keep up with their tax payments.

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