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Kiplinger
Kiplinger
Business
Katelyn Washington

How to Pay the IRS if You Owe Taxes

Several one hundred dollar bills leaving a bank envelope.

If you are worried about how to pay the IRS because you owe taxes, you're not alone. The cost of living in the current economy can make paying the IRS feel like an impossible task. Yet if you don't pay up by the federal due date, the IRS can impose costly penalties.

The good news is that if you cannot pay your taxes in full, the IRS offers payment plans that might make things easier for you. But those plans might not be the best choice for everyone.

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