Pennsylvania offers tax amnesty to eligible taxpayers

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Pennsylvania’s Department of Revenue published information on how individuals and businesses can catch a break on taxes.

According to the department, they are offering a tax amnesty period between April 21 and June 19. As noted by the department’s statement, all penalties and half of the interest will be waived.

The release reads, “Individuals and businesses with past-due taxes can make things¬†right with a tax amnesty between April 21 and June 19, 2017. By paying up, all penalties and half of the interest will be waived.

Tax amnesty is open to nearly all state taxes and most individuals and businesses with past-due taxes at the end of 2015 are eligible. After the amnesty period, an additional 5 percent penalty will be added to eligible taxpayers who do not participate, and interest will keep accumulating. Taxpayers who participated in the 2010 tax amnesty are ineligible.

In the meantime, individuals and businesses can check if back-taxes are owed. Interest calculators are available for businesses and individuals as well.”

For more information, visit revenue.pa.gov, including a tax amnesty fact sheet, webinar, guidelines and FAQs.