I have $80 in my checking and haven't had more than $500 since last March. I don't know what to do.

  • CarlTheRedditor [he/him]
    ·
    edit-2
    3 years ago

    You're not going to jail, so you shouldn't worry about that, the IRS wants taxpayers, not prisoners. And the interest won't accrue more than 25% (I think) of the balance, so this isn't going to go on forever like a credit card or student loan.

    Whenever you're employed again, the IRS can work out a payment plan or I think you can just pay online as you have money to do so. This obviously sucks and I'm sorry you're dealing with it, but I don't think you should stress too much about it.

    Trust me, they'll haul me off before they come for you. And I'm still here. :che-smile:

  • CanYouFeelItMrKrabs [any, he/him]
    ·
    3 years ago

    That latest Covid bill waived $10,200 of taxes on unemployment so that might change

    https://www.cnbc.com/2021/03/08/covid-bill-provides-tax-waiver-on-up-to-10200-of-unemployment-benefits.html