The deadline to file federal tax returns is Tuesday, April 15, 2025, leaving solely in the future left for procrastinators to get it in on time. Here is what to find out about last-minute filings, extensions and fee necessities.
Submitting Earlier than April 15: For these trying to file a federal tax return earlier than Tuesday’s deadline, the best means could also be utilizing the IRS Free File service or one other software program comparable to Turbotax from Intuit, Inc. INTU or H&R Block, Inc. HRB, which additionally presents in-person appointments, however might be tough to get one on the final minute.
Learn Subsequent: Power Secretary Chris Wright Is ‘Bullish’ As Oil Costs Crater
Submitting An Extension: Taxpayers even have till 11:59 p.m. on Tuesday to file for an extension, which might push the submitting deadline till Oct. 15, 2025. Nevertheless, extensions don’t lengthen the fee deadline — taxes owed should nonetheless be paid by April 15 to keep away from penalties and curiosity.
Even with an extension, taxpayers should estimate and pay a minimum of 90% of their tax legal responsibility by April 15 to attenuate penalties. Potential penalties embody:
- Late fee penalties of 0.5% month-to-month of unpaid taxes, as much as 25%.
- Late submitting penalties of 5% month-to-month of unpaid taxes, as much as 25%.
- Curiosity accrues on unpaid tax balances till absolutely settled.
Taxpayers who require an extension can file Type 4868 electronically through IRS Free File or make a fee by way of IRS Direct Pay and designate it as an extension. Navy personnel, disaster-area residents and a few abroad residents might qualify for automated extensions.
Learn Subsequent:
Picture: Shutterstock
Market Information and Knowledge dropped at you by Benzinga APIs
© 2025 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
