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The Independent UK
The Independent UK
National
Sheryl Rowling

THE TRUTH ABOUT: Five ways to avoid tax penalties in 2026 - The Untold Story

For many, the annual tax season brings a familiar question: how much do I truly owe the IRS right now? While the tax authority ideally expects 90% of your total liability to be paid consistently throughout the year, this can be a significant challenge for individuals with unpredictable incomes.

Fluctuating earnings from bonuses, business windfalls, or a volatile stock market make hitting that target akin to a moving goalpost, often leading to unwelcome underpayment penalties.

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