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.
Seth Schachner, Managing Director at Strat Americas, talks Disney's taking control of Hulu, Warner Bros. and Discovery's split and how if affects the viewers.
The Tony Awards on Sunday lured 4.85 million viewers to CBS, its largest broadcast audience in six years. CBS says Monday that Nielsen data shows the telecast — hosted by “Wicked” star Cynthia Erivo — scored a 38% increase over last year’s 3.53 million viewers. That’s the largest audience for the Tonys since 2019, when the telecast that year nabbed 5.4 million viewers and “Hadestown” was crowned best new musical. The latest version also had to compete with the second game of the NBA Finals, between the Thunder and Pacers,
After stumbling out of the starting gate in Big Tech’s pivotal race to capitalize on artificial intelligence, Apple tried to regain its footing Monday during a developers conference that focused mostly on incremental advances and cosmetic changes in its technology.
Six weeks before UnitedHealthcare CEO Brian Thompson was gunned down outside a Manhattan hotel last December, Luigi Mangione mused about rebelling against “the deadly, greed fueled health insurance cartel” and expressed that killing the executive “conveys a greedy bastard that had it coming."
Shaquille O’Neal and Allen Iverson once clashed on the court in the 2001 NBA Finals, but now the basketball legends are joining forces to revive the Reebok brand they helped make iconic.
