As tax day approaches, accountants say your refund may be lower than you're expecting, and they also have advice for you if you can't afford your tax bill.
Your Unpaid Taxes Still Accrue Interest Even Though IRS Suspends Collection Notices. Here Are Some Payment Options to Consider
You'll accrue some interest on what you owe, but Seltzer says it's not too bad. And if you still don't have the money come October, you can go online and set up a payment plan with the Internal Revenue Service. Again, Seltzer says the interest rate is fairly low, so he thinks this is financially better than paying your bill with a credit card.
"People say, 'Should I get a credit card to pay my taxes?' If it's the typical 18%, the answer is no, because your combined late payment penalty and interest is less than 10%," explained Seltzer. Bottom line, Seltzer says the IRS is always willing to work with you. So no matter how bad your situation may seem - always file; the penalties for not filing are hefty.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Why Arizona Republicans pushed hard for a voter proof-of-citizenship bill and why it mattersRepublican legislators want Arizona's new voter proof-of-citizenship law to turn into a fight that could help overturn a 2013 Supreme Court ruling.
Leer más »
Musk, Twitter and the dollar: Why companies could benefit from having Elon on boardCompanies have a renewed opportunity to make the most of marketing on Twitter now that free-speech advocate Elon Musk has joined the platform's board, according to an expert.
Leer más »
Why Underused Hotels, Motels Could Be The Faster Path To Easing L.A’s Affordable Housing GapA new report by the RAND Corporation spotlighted the potential of adaptive reuse.
Leer más »
Why the WHO took two years to say COVID is airborneEarly in the pandemic, the World Health Organization stated that SARS-CoV-2 was not transmitted through the air. That mistake and the prolonged process of correcting it sowed confusion and raises questions about what will happen in the next pandemic.
Leer más »
Why Penélope Cruz Would Be Open to Starring in a Batgirl MoviePenélope Cruz would be open to starring in a Batgirl movie if it were directed by her longtime collaborator Pedro Almodóvar: 'I don’t even need to read that script… I haven’t done that genre, but with Pedro, it would be revolutionary.'
Leer más »
Eboni K. Williams Shares Her Theory on Why RHONY Was Split Into 2 Shows'You can't close when parties involved in the negotiation are unwilling to give, even an inch.' (via TooFab)
Leer más »