Why does the federal government collect income taxes in installments rather than waiting until the end of the year?

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1207270

2026-08-14 07:05

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The Federal government give taxpayers the option to pay their income taxes in installments to make it easier on people with limited incomes. Also, this allows taxpayers to adjust their payments so that if there is an increase or decrease in their income, they can still have paid their proper taxes by the end of the year.

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