When Is the Deadline to File Taxes?

When Is the Deadline to File Taxes?
Taxes are due April 15th!

Exception of deadline

If the usual deadline, April 15, falls on a federal holiday or a Saturday or Sunday, then the deadline for filing your taxes is extended to the following business workday.

Extension Forms

To receive an automatic six month extension for filing your taxes, return Form 4868 to the IRS, before midnight of April 15.

Penalties

If you owe taxes and fail to file a tax return or request an extension by the deadline, you will be responsible for any interest on unpaid federal taxes in addition to a "failure-to-file" penalty.

Caution

Even when filing for an extension, you must still send in your tax payment by April 15. Since you are unlikely to know the exact amount you owe, you must estimate the amount.

Estimating Taxes

If you file for an extension by April 15 and the estimated tax payment you send in turns out to be more than what you owe, the IRS will refund the difference.

Penalty Amounts

According the the IRS' web site, not filing your taxes will result in a 5 percent penalty each month until you pay, up to a maximum of 25 percent.