Why So Many Americans Are Settling Their Tax Debts Before the End-of-2024 Deadline
WASHINGTON – Thousands of Americans are rushing to settle their tax debts before the year-end deadline. For many, this is the last chance to reduce or even eliminate their debt before facing hefty penalties.
As the deadline approaches, a surprising number of Americans are applying for the Fresh Start Program, which helps reduce or even completely erase their tax debts. Thanks to last year’s budget increase, the IRS has been able to approve more applications than ever before.
When taxpayers fill out our Tax Relief Survey, they are able to see if they qualify for the IRS Fresh Start Program and begin their journey toward tax resolution in minutes.
Taxpayers who missed the April 15 filing deadline (or October 15 extension) must file by December 31st—or face monthly tax penalties of 5.5% on the unpaid taxes, along with interest charges that compound daily.
After pausing collection efforts during the COVID-19 pandemic, the IRS returned to full-scale enforcement in 2024—already recovering $1.3 billion from Americans. However, relief options are available to those who meet the deadline.
“We are taking steps to help taxpayers with past due bills, and we have options to help people struggling to pay,” said IRS Commissioner Danny Werfel.
The Fresh Start Program offers real relief to taxpayers burdened with back taxes, with some cases resulting in 100% debt forgiveness. However, due to the program's complexity and changing tax laws, many Americans struggle to navigate the application process on their own.
Fortunately, tax relief companies nationwide are stepping in to guide taxpayers through the IRS bureaucracy. These specialists help Americans understand their options and maximize their chances of approval before the end of 2024, ensuring they avoid additional penalties and interest charges in the coming year.
Take this 60-second Quiz to See if You Qualify for the IRS Fresh Start Program.
"Many Americans assume they don't qualify without ever checking," Los Angeles Tax Attorney Eric Brown explained in a recent interview. "In reality, a broad range of circumstances can make someone eligible for significant relief."
Remember, it is 100% FREE to see if you qualify for the IRS Fresh Start Program, and a few minutes could help you save THOUSANDS.
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Every day, your tax debt grows larger due to penalties and fees. It is vital to act now and partner with a tax relief expert to receive the best resolution possible.
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