If you haven't paid the right amount all year long, you could get hit with a penalty come tax time. (Photo: Shutterstock)
Retirees beware: The new tax law could cost you.
Reuters reports that retirees could find themselves in hot water for underpayment of taxes.
Not just on income from tax-deferred retirement accounts but also pensions and annuities. And don't think that if your income is higher, that's going to be all you're liable for; you might even owe taxes on Social Security benefits, too.
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