It's a 3% penalty on the difference between what you owe and what you've paid. I... | Hacker News

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scurvy on May 2, 2016 | parent | context | favorite | on: Handcuffed to Uber

It's a 3% penalty on the difference between what you owe and what you've paid. It's a pretty minor amount, but there is a penalty.

http://www.inman.com/2012/06/08/dont-sweat-quarterly-tax-dea...

phamilton on May 2, 2016 [–]

If the difference is less than $1000 or if you withheld more this year than you owed last year or if you withheld 90% of your total bill, there is no penalty.

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