What is the true cost of being free? For Britney Spears, it’s a six-figure tax bill along with numerous other strains on her wealth.
It doesn’t help that Spears seems to be letting more money slip through her fingers than what’s coming in.
The $721,000 IRS Claim
Bloomberg was one of the first to break the story, reporting, “Britney Spears’ tax deficiency and penalty totaling about $721,000 is proper, the IRS told the US Tax Court as it defended its adjustment of flow-through income from her business and a disallowance of certain deductions in 2021.”
The IRS had determined a deficiency of about $600,700, along with a penalty under Section 6662(a) of around $120,000 for the 2021 tax year. This was included in a brief on January 30th.
While Spears tried to challenge the determination back in December 2025, it didn’t go as planned. She claimed the tax deficienciies resulted from the IRS’ erroneous adjustment of flow-through income from her business, Shiloh Standing Inc.
Her claim does not stand up, and the IRS are now looking for their money.
More Money Out Than In
The IRS isn’t the only one draining Spears’ bank account.
Back in May 2025, Radar Online reported the singer was embroiled in a “cash crisis.” Spears has been plowing through her fortune made during the late 90s and 2000s from her numerous pop albums and other ventures. While it hasn’t been clear on how much she’s spending, new details are coming to light about the dwindling change in Spears’ purse.
An insider said, “People around Britney are seriously alarmed because this isn’t just about one tax bill or a bad month. The money has been flying out the door for a long time and it’s finally catching up with her.”
While it’s no secret that celebrities like to enjoy higher-end amenities, Spears has been going overboard. This includes luxury vacations, private planes, paying for her whole entourage, and more. It doesn’t help that Spears is also facing payments within her conservatorship, divorce, and other court fees. Adding all of these together, Spears may quickly drain her net worth.
The insider continued, “But when anyone tries to talk sense to her about her spending, she brushes them off and acts like they’re crazy to worry that she’ll ever run out of cash.”
Many of her splurge vacations have quickly dipped into the tens of thousands. This includes a $50,000 private plane for a trip to Mexico. Another instance was a $20,000 villa where Spears stayed for just one night.
The insider finished with this statement about Spears:
“She insists on living like she’s still on top of the world, including footing the bill for all her so-called friends who never seem to leave. She’s pulled millions from pension and savings accounts, borrowed against the house, and piled up debts that still haven’t been settled. Unless something changes fast, she really could burn through everything she has left and lose her house.”
Released from the Conservatorship
Those who follow Britney Spears may rememeber she was released from conservatorship in November 2021. The conservatorship controlled her person, finances, and estate since 2008.
In the final ruling, Judge Brenda Penny returned full control of Britney Spears’ estimated $60 million fortune back to her.
Now we’ll have to wait and see what happens to the fortune.