Average amount of tax debt per tax debtor: $21,095
Top three reasons for tax debt:
• Other (28.57%)
• Divorce/Owe more than expected (Tied at 19.05%)
• Back tax penalties/Unfiled taxes (Tied at 9.52%)
Individuals with tax debts can face severe consequences, including having their wages garnished or their assets seized. Here are the states where such debts are highest on average.
Individuals with tax debts can face severe consequences, including having their wages garnished or their assets seized. Here are the states where such debts are highest on average.
Individuals with tax debts can face severe consequences, including having their wages garnished or their assets seized. Here are the states where such debts are highest on average.
<h3>Sign Up For Our Newsletters</h3>
<p class=”newsletter-widget-description”>Subscribe for original insights, commentary and discussions on major news stories of the week, from the InvestmentNews team</p>
<a class=”bon-btn bon-btn-default bon-btn-full” href=”/my-account/communication-preferences/”>SIGN UP</a>