Struggling with tax debt in retirement? The Internal Revenue Service offers ways to reduce what you owe or pause collections.
What Relief You Can Get
-
Penalty removal (if you qualify)
-
Lower debt through settlement
-
Pause collections if you can’t pay
-
Tax itself is rarely forgiven
Top Options for Seniors
-
Penalty Relief – First-time or valid reason (like illness)
-
Offer in Compromise – Settle for less
-
Currently Not Collectible – Payments paused
-
Payment Plan – Smaller, manageable payments
Quick Answers
-
Can IRS take Social Security? Up to 15% (not SSI)
-
Does age qualify you? No—but fixed income helps your case
Extra Help
The Tax Hardship Center can:
-
Review your situation
-
Set up payment plans
-
Help reduce penalties or debt
Bottom Line
You may not need to pay everything.
With the right option, retirees can reduce, settle, or delay IRS debt legally.
-
Stay in the loop with the latest benefits resources!
At BrowseResources.com, we take pride in bringing you the freshest and updated articles for you and your family.
Related Articles
View all posts
Retirees: How to Cut or Clear IRS Tax Debt Fast...
Struggling with tax debt in retirement? The Internal Revenue Service offers ways to reduce what you owe or pause collections. What Relief You Can Get Penalty removal (if you qualify) Lower debt thr...
Fired and in Debt? How to Manage Student Loans After Job Loss...
Losing a job is stressful enough, but when you’re also carrying student loan debt, the pressure can feel overwhelming. With payments back in full swing and forgiveness programs tied up in legal battles,...
Paper Checks for Social Security Ending Soon: Here's a Way to Keep Yours...
If you still get your Social Security benefits by paper check, big changes are coming. Starting September 30, 2025, the Social Security Administration (SSA) will stop mailing paper checks to most b...
Filed an IRS Extension? Here’s Why You Should File Your Taxes Now Instead of Waiting...
If you filed for a tax extension earlier this year, the Oct. 15 deadline might feel far away. But the IRS recommends filing your taxes now to avoid last-minute stress and give yoursel...
Receiving SSDI? Here’s How It Affects Your Eligibility for Other Government Programs...
If you're receiving Social Security Disability Insurance (SSDI), you're already getting vital support based on your work history. Don't miss: SSDI June 2025 Payment D...
I Bonds vs. Savings Accounts: Which Wins the Money Game?...
Are you saving up for a rainy day? Maybe planning for a dream vacation or a down payment on a house? Whatever your goal, you’re likely weighing your options on where to stash your cash. Two po...
