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I made more in 07 than 06. When I file an extension should I pay the same as last year?


H & R Block told me to pay what I paid last year even though I told them I made more money. What should I do? I really can't afford to pay more right now, but I do not want to get stuck with crazy penalties for not paying enough.

Go to the H&R Block Tax calculator, enter your data, and get a good estimate of your taxes:

http://www.hrblock.com/taxes/tax_calcula...

Yes, you should pay more, and yes, there will be penalties if you do not pay all of your 2007 tax by 4/15/08.

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