Taxpayer Penalty Protection Act of 2018
Official title: To provide for a one-time safe harbor for certain failures by individuals to pay estimated income tax.
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Referred to the House Committee on Ways and Means.
Taxpayer Penalty Protection Act of 2018
This bill amends the Internal Revenue Code to establish a safe harbor to reduce the amount of estimated income tax that certain taxpayers are required to pay for 2018.
(Under current law, a penalty applies if taxpayers do not use either withholding or estimated tax payments to make a required annual payment before the end of the year. The required payment is the lesser of 90% of the tax for the taxable year or a specified percentage of the preceding year's tax.)
For 2018, the bill reduces the percentage of the preceding year's tax from 100% to 80%. For taxpayers with adjusted gross incomes for the preceding year that exceed $150,000, the bill reduces the percentage from 110% to 100%.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 7300: Taxpayer Penalty Protection Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-HR-7300/
"H.R. 7300: Taxpayer Penalty Protection Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-7300/.
H.R. 7300, 115th Cong. (2026), https://openamerica.io/bill/115-HR-7300/.
[H.R. 7300: Taxpayer Penalty Protection Act of 2018](https://openamerica.io/bill/115-HR-7300/)