Despite being available to all taxpayers, the IRS Fresh Start Program is used primarily by Baby Boomers and Gen Xers.
The IRS developed the Fresh Start Program to help relieve those struggling with tax debt. In 2012, under the Obama administration, the Fresh Start Program was expanded to be more accessible to a larger percentage of Americans.
However, despite the federal government’s continued attempts to make IRS debt relief possible, the Fresh Start Program is significantly underused.
Statistically, those who do take advantage of the program are older Americans in the Baby Boomer and Gen X generations. But if the program is available to all, why don’t young Americans take advantage of Fresh Start like the older generations?
Part of the reason has to do with the fact that Baby Boomers and Gen Xers simply have been paying into the IRS for longer than millennials and Gen Zers, which allows more time for error and discrepancy with the IRS.
Another important aspect is that many people do not resolve their IRS debts until it starts to significantly hinder their lifestyle. As people get older, the need for loans, refinancing mortgages, and a better credit score increases and the proper steps needed to resolve debts to the IRS is increased.
Regardless of your reason for seeking a fresh start through the IRS, resolving your debt with the federal government is one of the most significant actions you can take to restore your financial freedom.
If you are in the baby boomer or Gen X generations, now is the time to finally resolve your debt with the IRS.
Don’t let the feds follow you around any longer. Begin your fresh start today and finally find real relief from the IRS.
To enroll, click the link below to see if you are eligible for the Fresh Start Program!