Simplify Automatic Filing Extensions Act or the SAFE Act This bill eliminates the penalty for failure to pay income tax for individual taxpayers who timely pay 125% of their income tax liability for the immediately preceding taxable year.
Referred to the House Committee on Ways and Means.
Taxation
SAFE Act
USA118th CongressHR-3566| House
| Updated: 5/22/2023
Simplify Automatic Filing Extensions Act or the SAFE Act This bill eliminates the penalty for failure to pay income tax for individual taxpayers who timely pay 125% of their income tax liability for the immediately preceding taxable year.