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Temporary Tax Penalty Break for 2020 Estimated Payments

This bill offers a temporary break for individuals who didn't pay enough estimated income tax for the 2020 tax year. It lowers the amount you needed to pay to avoid penalties, making it easier for some people who struggled financially during that time.
Key points
Lowers the required estimated tax payment threshold for the 2020 tax year to avoid penalties.
Applies to most individuals, but not farmers or fishermen.
Provides relief for those who might have underpaid estimated taxes in 2020.
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Expired
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Additional Information
Print number: 117_HR_5155
Sponsor: Rep. Chu, Judy [D-CA-27]
Process start date: 2021-09-03
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Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Taxpayer Penalty Protection Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5155.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-09-03.

What are the main provisions?

Key points include:

  • Lowers the required estimated tax payment threshold for the 2020 tax year to avoid penalties.
  • Applies to most individuals, but not farmers or fishermen.
  • Provides relief for those who might have underpaid estimated taxes in 2020.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Chu, Judy [D-CA-27].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes