Expanded Penalty Relief to Help Countless Americans
To start the new year, the IRS is expanding tax penalty forgiveness programs that allow Americans to have their tax debt reduced. The expansion wipes away tax penalties for countless taxpayers who previously could not qualify for relief.
Now is the time for Americans with tax debt to explore their options — before the IRS closes this door to financial freedom. Click here to discover if you may qualify for tax penalty relief under the expanded program rules.
Tax Forgiveness Eligibility Rules Expanded for 2024
The 2024 expansion provides about $1 billion in penalty relief to Americans who make less than $400,000 a year and were not sent reminder notices during the pandemic.
Under the new eligibility rules, people are seeing their penalties forgiven at higher rates than ever before — even if they have high incomes, high tax debt, and multiple years of unfiled returns.
IRS Commissioner Danny Werfel explained the motivation behind the program expansion.
“We have been concerned about taxpayers who haven’t heard from us in a while suddenly getting a larger tax bill… this penalty relief is a common-sense approach to help people.”
Click here to discover if you may qualify for tax penalty relief under the expanded program rules.
Could You Qualify for Expanded Tax Forgiveness?
The IRS’ expanded regulations have opened the door for a broad range of taxpayers — from small business owners to traditional employees — to receive significant tax penalty relief.
The IRS also provides a framework to quickly and easily check your eligibility for tax forgiveness. All you need to do is fill out this online form to discover if you qualify under the updated 2024 regulations.
Check your eligibility and start your journey towards a brighter economic future.