Unemployed Taxpayers Face New Penalty Relief Provisions

BALTIMORE -- As the April 17 tax deadline approaches, the Internal Revenue Service is offering relief for millions of unemployed Americans.

New penalty relief provisions allow a six-month grace period on failure-to-pay penalties.

Taxpayers who qualify can waive their payments until Oct. 15 of this year.

Those who have been unemployed for at least 30 consecutive days and self-employed individuals with at least a 25 percent drop in income qualify for the six-month extension.

In addition, the IRS is making payment installment options available to more people.

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