Taxes: Remember to Pay, Even if You File Late
Filing Extensions
If you need more time to file your taxes, you can file for an extension. However, it's important to note that this only extends the filing deadline, not the payment deadline. You should still estimate and pay any taxes you owe by April 15th. You can file for an extension online, by mail, or by using IRS Form 4868.
Filing Correctly and On Time
To avoid penalties, it's essential to file accurate tax returns. Additionally, filing on time is crucial - if you miss the deadline, the IRS will levy a penalty of 5% of unpaid taxes for each month or part of a month that your return is late. Individual taxpayers without tax due can request an automatic extension using IRS Free File.
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