Rooted in fact-based, transparent reporting, Newsy is an award-winning opinion-free network owned by the E.W. Scripps Company that is relentlessly focused on “the why” of every story and seeks to enable a more intimate and immersive understanding of the issues that matter.
The deadline to file taxes is less than a month away. The IRS says more than 63 million people have already filed ahead of the April 15 deadline. One viewer asked why older Americans still have to pay taxes, especially those on Social Security.
Mark Steber, chief tax information officer at Jackson Hewitt, explained that paying taxes has nothing to do with the age of a person; people file because they have income.
While a lot of Americans are looking forward to tax refunds, many other Americans will have to pay the IRS. So, what happens if you can't afford to send the federal government a check? Steber advises people not to ignore their tax bill, noting the IRS will make attempts to collect the debt. He also advises reaching out to a tax expert to discuss payment options.
"They can usually put you on a payment plan or even get some of the taxes forgiven if you're really in an upside-down situation," he said.
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