The last day to file your tax return is just around the corner – Tuesday, April 15. If you haven’t filed it yet or haven’t asked for an extension, you might be in trouble with the IRS (Internal Revenue Service). Even if you’re expecting a refund, not filing can still get you fined.
Many of us delay important tasks like this until the last minute, but now there’s no time left to send your return by post. So here’s a quick guide on what you should do right now if you’re behind.
Why It’s Important to File Your Tax Return
It’s not just a suggestion – for most people, filing a tax return is necessary. If you skip it and 60 days go by after the deadline, the IRS can charge you a penalty. This is true even if you don’t owe any tax or are due a refund. So don’t wait and hope it’ll go away – it won’t.
What Does the IRS Recommend?
The IRS strongly advises people to file their tax returns online. It’s safer, faster, and ensures nothing gets lost. If you can’t complete your return before April 15, you should request an extension. This extension gives you time until October 15 to submit your paperwork.
But remember – this extension is only for submitting the documents. If you owe taxes, you still need to pay by April 15. Missing this payment can lead to late fees and interest.
What Happens If You Don’t File on Time?
If more than 60 days pass after the deadline and you haven’t filed, the IRS will charge you a minimum fine, no matter your income level. Even people expecting a refund can be fined if they don’t file on time.
So the smart move is to take action now – don’t delay and lose money for no reason.
Filing Options Available Now
At this stage, online filing is your only option. The IRS provides tools to help you:
IRS Direct File
This is an online system that lets you file directly from your phone, tablet, or computer. It’s easy and available for people living in states like California, New York, Texas, Florida, and many more.
IRS Free File
If your income is below a certain limit, you can use the IRS Free File program. It offers software that guides you step-by-step to file your return without paying anything.
Still Need Time? Request an Extension
If you know you can’t finish everything by April 15, requesting an extension is the best option. It only takes a few minutes and saves you from fines. But remember, you must do it by April 15 too.
And again – the extension does not mean you can delay payment. If you owe anything, make an estimated payment now to avoid interest and penalties later.
Already Filed? Here’s How to Track Your Refund
If you’ve already submitted your tax return and want to know when you’ll get your refund, use the “Where’s My Refund?” tool on the IRS website. You’ll need your Social Security number and the exact amount of your refund to check the status.