Benefits of Making a Partial Payment on Your Tax Bill Instead of None
Friday, 5 April 2024, 14:15
Understanding the Importance of Partial Tax Payments
If you're unable to pay your tax bill in full, consider making a partial payment to reduce penalties.
Minimizing Financial Penalties
Owing the IRS money is a bummer. But if you can't pay in full, sending in what you can afford can help lower the penalties you face.
Getting on a Payment Plan
If you can't pay the full amount, contact the IRS to arrange a payment plan. This shows good faith and can protect you from more severe consequences.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.