Underpayment Penalty Calculator: What Missing a Quarter Costs You

Underpayment penalty calculator showing a $173.67 penalty for a missed $3,000 June payment, next to a crossed-out June 15 date

Use this underpayment penalty calculator to see what a late or missed estimated tax payment will cost you. The IRS penalty works like interest. For 2026, it runs at 6% to 7% a year on the amount you underpaid, for each day it was late. Missing a $3,000 payment in June and paying it with … Read more