IRS Tax Tip 2024-81, Oct. 3, 2024
The Oct. 15 extension deadline to file taxes is quick approaching. Most taxpayers who requested an extension of time to file their 2023 tax return should file by Tuesday, Oct. 15, to keep away from the penalty for submitting late. The IRS urges folks to file electronically.
Do not forget that an extension to file was not an extension to pay. Extension filers who owe taxes ought to pay as a lot as potential to scale back curiosity and penalties. Those that owe tax, have but to file a 2023 tax return and didn’t request an extension can usually keep away from further penalties and curiosity by submitting the return and paying any taxes owed as quickly as potential.
IRS e-file is straightforward, protected and essentially the most correct option to file taxes. It’s out there by way of Oct. 15. Submitting electronically may also assist taxpayers decide their Earned Revenue Tax Credit score, Baby and Dependent Care Credit score and extra.
Some teams have further time to file
Entry tax account data
Particular person taxpayers can log into their IRS On-line Account to get key data from their most up-to-date tax return resembling their adjusted gross earnings (AGI), which can assist in making ready and submitting their return. They will additionally view the quantity they owe, cost historical past together with estimated tax funds, their cost plan particulars and choices, digital copies of sure notices, their deal with on file and authorization requests from tax professionals.
Cost choices
Taxpayers who owe can pay on-line utilizing IRS Direct Pay for free of charge or use a debit card, bank card or digital pockets, which can be topic to a cost processing payment.
If taxpayers have a stability and might’t pay it now, they need to apply for a cost plan. The IRS has extra data for taxpayers who cannot afford to pay the taxes they owe.
