As of June 13th, the IRS Agency is urging people in the United States to pay their taxes. Many people choose to pay at the last minute, but if you want to avoid an upcoming tax penalty, you may want to start paying taxes sooner. This macroeconomic topic regarding taxation and penalties that face many people, should be recognized more in the future.

Utilizing a digital quarterly payment system for taxes seems to be the most successful way for people to be consistent with their payments. For example, people have been using IRS DirectPay or just an IRS account online to make these payments on time. Furthermore, people need to realize the benefits of these digital payment options.

The digital payment options ensure people do not receive a late tax fee. The late fee can get up to 25% depending on if people make the mistake more than once. However, everyone's job is different and some people may receive money after a large project is completed. Everything must be considered when deciding if someone is willing to accept a tax penalty or not.

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