When you file your 2000 income tax return, take credit for all the
income tax and excess social security or railroad retirement tax
withheld from your salary, wages, pensions, etc. Also, take credit for
the estimated tax you paid for 2000. These credits are subtracted from
your tax. You should file a return and claim these credits even if you
do not owe tax.
If the total of your withholding and your estimated tax payments
for any payment period is less than the amount you needed to pay by
the due date for that period, you may be charged a penalty even if the
total of these credits is more than your tax for the year.
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