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Thr33bs @thr33bs.bsky.social

Beware the tax underpayment penalty — IRS penalizes if you owe too much by tax time. Anyone know how to pull this off w/o incurring add’tl penalty? Maybe less penalty if tax is paid in lump sum toward end of year earned instead of every month? Contribute to IRA to lower tax bill?

jul 19, 2025, 6:17 pm • 1 0

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stgannon.bsky.social @stgannon.bsky.social

Also, beware that if you work in certain industries, such as the financial sector, your employer could frown upon you trying to circumvent the tax laws.

jul 19, 2025, 6:41 pm • 1 0 • view