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How exactly to pay money for income tax bills you weren’t anticipating

How exactly to pay money for income tax bills you weren’t anticipating

March 04, 2021

By Claire Hegstrom

April frequently brings only a little bonus that is monetary numerous by means of taxation statements. In reality, the common U.S. income tax return had been about $2,535 year that is last. However for some, taxation period can lead to an burden that is unexpected your money after getting the headlines which you owe federal or state fees.

You’re not alone if you’ve ever been surprised by a tax bill. In line with the newest information through the U.S. irs (IRS), Americans owed over $131 billion in straight back taxes, penalties and interest a year ago. So just how do we avoid getting struck with IRS costs, while remaining present on all our other costs?