Are there resources for taxpayers experiencing financial hardship?

The Wisconsin Department of Revenue offers a variety of resources and options for taxpayers who may be experiencing financial hardship. One of the primary programs available is the Property Tax Deferral Loan Program, which assists eligible homeowners in paying property taxes by providing a loan that does not need to be repaid until the property is sold or transferred. Additionally, Wisconsin has numerous tax credits and exemptions designed to alleviate financial burdens for specific groups, including the Homestead Credit, which provides property tax relief for low-income residents who own or rent their homes. This program typically benefits individuals who meet certain income criteria and are at least eighteen years old. In situations where taxpayers are unable to pay their taxes due to hardship, there are options such as installment payment plans that allow taxpayers to pay their taxes gradually over time rather than as a lump sum. There may also be opportunities for tax forgiveness or settlements in some cases where individuals can prove significant financial distress. For those who need assistance navigating these programs, community organizations and local government agencies can provide additional support and resources tailored to specific needs. It is also beneficial to stay informed about updates or changes in tax regulations that may offer further assistance. For the most current information and contact details, it is advisable to visit the Wisconsin Department of Revenue's official website, where additional resources and guidance can be found.