Persistent inflation colliding with the 2024 tax season is creating a perfect storm for taxpayers' wallets. As part of Yahoo Finance's Tax Time: From Rates to Refunds special coverage, Yahoo Finance Personal Finance Editor Molly Moorhead sits down with Brad Smith to detail the options Americans have at their disposal if they can't afford to pay their taxes all at once, as well as the penalties associated with failing to pay or file in certain timeframes.

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