What is the Average Tax Debt Per Person?
While debt related to mortgages, student loans, and credit cards grabs headlines, another class of debt often goes unnoticed, despite significant accumulation: tax debt. Tax delinquency impacts a significant portion of United States taxpayers. The Internal Revenue Service (IRS) reported that at the end of fiscal year 2018 there were 13.1 million delinquent taxpayer accounts. Given the...