Video Tips: Struggling to Pay Your Taxes? Here Are Your Options

Published March 25, 2025

When individuals are unable to meet their tax obligations by the April deadline, they have several alternatives to consider. These include arranging an IRS payment plan, using a credit card for payment, withdrawing from a retirement account, or borrowing funds from friends or family. However, each of these options comes with its own drawbacks, such as significant fees, penalties, and interest charges.

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