Credit: Kittiphan Teerawattanakul / EyeEm via Getty Images
Sponsored
For many Americans, tax season can be a headache for a number of reasons. Gathering relevant documents to prepare for an accurate filing is only half the battle. Actually paying your tax bill can be burdensome for many, especially if that bill turns out to be higher than expected.
What should a person do if their tax bill is more than they can afford?
First of all, do not ignore it! Penalties can be severe and it accrues interest. The IRS calculates underpayment penalties based on how much you owe and how late you are in paying. Penalties typically range from 0.5 percent to 25 percent of the amount due
If you cannot find the cash or credit from short-term borrowing like on a credit card, consider a payment plan with the IRS. There are several options depending on the amount of tax due and the terms you need to pay it off.
This tax advice is brought to you by our partner Jackson Hewitt.
Are Gen Z and Millennials done with alcohol? Bacardi's Tony Latham breaks down trends, new preferences, and insights from the 2025 Cocktail Trends Report.
Comscore’s Paul Dergarabedian breaks down the battle of summer blockbusters, from Superman to Jurassic World and Fantastic Four and what it means for studios.
VENU CEO JW Roth breaks ground on a 20,000-seat, state-of-the-art amphitheater in Texas—part of a $300M public-private expansion to redefine live music.
Despite healthcare spending cuts, medtech stocks like Edwards Life Sciences, Stryker, and Boston Scientific are rising, especially those serving older pati
The original Birkin bag created by Hermès for Jane Birkin in 1984 is up for auction in Paris. Sotheby’s expects the iconic bag to sell for hundreds of thousands of euros on Thursday.
Elon Musk’s artificial intelligence company is taking down antisemitic comments and other “inappropriate posts” made by its Grok chatbot, including some praising Adolf Hitler.
Joby CPO Eric Allison discusses the UAE’s historic EVTOL take off, marking Dubai as the launchpad for global air taxi adoption and Joby’s commercial readiness.
CFRA’s Angelo Zino joins us to unpack Meta’s Superintelligence Labs and what it means for the future of AI, innovation, and the company’s bold new direction.
