Can You Afford to Pay the IRS Money This Tax Season? 44% of Americans Can't
Many Americans are used to getting a refund during tax season. But what if the opposite holds true for you this year? What if you find out you underpaid your taxes and now have an IRS bill on your hands? Would you simply dip into your savings to pay it off? Or would your finances be pretty upended?
If you're in the latter category, you're not alone. An estimated 44% of Americans say that owing the IRS money this year would derail their 2020 budget, revealed financial company Self in a recent survey. And that's not a good spot to be in.
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Source Fool.com
