What to Do if You Can’t Pay Your Taxes

1 min read

Most people who file taxes wind up getting money back from the IRS in the form of a refund. But what if you’re in the minority of people who owe money?

In 2019, nearly 8 million filers wound up with an underpayment on their hands, and that can make for a tricky situation if you don’t have cash at the ready to make the IRS whole. The good news, however, is that you do have some options for dealing with a tax bill you can’t cover in full — or at all.

Image source: Getty Images.

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