Tax question. Educated guesses welcome - 04/15/24
My wife and I did not pay into federal income taxes on our retirement pay. That would be Social Security and my police and National Guard pensions. I did pay into the fed's for my part time driving job. We both got letters today saying we owed an additional $146 in taxes but it looks like 100% penalty. This is for the 2023 taxes. We have already paid the 2023 taxes with a check for around $5000.
Are the Fed's penalizing folks for not paying in during the year on retirement pensions ?? I guess those extra 70,000 new IRS agents need to stay busy.
kwg
Are the Fed's penalizing folks for not paying in during the year on retirement pensions ?? I guess those extra 70,000 new IRS agents need to stay busy.
kwg