[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-6708":3},{"rec_id":4,"title":5,"text":6},"6708","Do I have 2024 tax liability for the underpayment penalty?","You won't owe an underpayment penalty if you had no tax liability last year and were a U.S. citizen or resident for the entire year. To qualify, your tax year must have covered all 12 months.\n\u003Cbr>\u003Cbr>\nYou had no tax liability for 2024 if your total tax was zero or you weren't required to file an income tax return.\n\u003Cbr>\u003Cbr>\nYour total tax for 2024 is generally the amount of tax owed before accounting for any withholding, estimated tax payments, or refundable credits. On \u003Ci>Form 1040\u003C/i>, this would usually be the amount on \u003Ci>Line 24\u003C/i> reduced by any refundable credits that reduce your total tax liability like the \u003Ci>Earned Income Tax Credit\u003C/i>, \u003Ci>Additional Child Tax Credit\u003C/i>, or \u003Ci>Premium Tax Credit\u003C/i>. Keep in mind that other less common taxes and credits can affect your total tax. For detailed guidance, refer to the \u003Ca href=\"https://www.freetaxusa.com/taxes2025/formdownload?sid=9&form=i2210.pdf\" target=\"_blank\">\u003Ci>Form 2210\u003C/i> instructions\u003Cspan class=\"append_pdf\"> \u003C/span>\u003C/a>.",1777391568297]