Originally Posted by Snowmom:
So... just finished my taxes and since we talked about penalties, I thought I'd update here. 
My situation: Married, filing jointly. Spouse is a W2 employee. Did not pay any estimated taxes for 2018. Sold and bought a new home (some capital gains in there) with quite a bit of expenses for the daycare at the new residence. MN full year resident.
Federal: $80 refund
State: Owe $600 with a $5 underpayment penalty
First time that's ever happened.
I was surprised on all the changes to credits and deductions this year. But, I ended up not doing too bad since we usually owe Federal $500-$1000 in the past.
Oh my gosh that would be a dream. My husband is a W-2 employee, did have a carpet cleaning business that he worked very shortly and showed a slight loss on that. We did have a $8,000 write off debt with a cc company so we had to take a hit with that, but we owed the federal $3,900 and state $1400. I don't do quarterlies either. Am I doing something majorly wrong?