File soon; don’t wait for the Oct. 17 extension deadline

Taxpayers who missed the April tax deadline can still file electronically using Free File or other free options. They can also limit late-payment penalties and interest charges by filing as soon as possible and paying their tax electronically. The fastest and easiest way to do that is with IRS Direct Pay, a free service available only on IRS.gov. Several other electronic payment options are also available. No need to wait for the Oct. 17 extension deadline; people should file as soon as possible when they have the information needed to submit an accurate tax return.

File as Soon as You’re Ready

efile

IRS encourages taxpayers who missed the April 18 tax filing deadline to file as soon as possible. While taxpayers due a refund receive no penalty for filing late, those who owe and missed the deadline without requesting an extension should file quickly to limit penalties and interest.

Electronic Filing and Direct Deposit

Social Media Free File Graphic

Taxpayers who owe taxes can pay quickly and securely via their Online Account, IRS Direct Paydebit or credit card or digital wallet, or they can apply online for a payment plan (including an installment agreement). People paying electronically receive immediate confirmation when they submit their payment. And generally, the IRS issues nine out of 10 refunds in less than 21 days for taxpayers who e-file and choose direct deposit.

Child Tax Credit

Friends or family in Puerto Rico? Spread the word on the expanded Child Tax Credit

Families who don’t owe taxes to the IRS can still file their 2021 tax return and claim the Child Tax Credit for the 2021 tax year at any point until April 15, 2025, without any penalty. This year also marks the first time in history that many families with children in Puerto Rico will be eligible to claim the Child Tax Credit, which has been expanded to provide up to $3,600 per child.

Leave a Comment