Taxes due 2024: IRS expects 'tens of millions' of returns to be filed last minute

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What Time Do Taxes Need To Be Filed News

Last Day To File Taxes,Are Taxes Due Midnight April 15,Taxes 2024

Without that extension, if you simply file late and you still owe money to the IRS, you will be hit with a failure-to-file penalty plus interest on your outstanding balance.

in the United States for most Americans, and there are still plenty of people racing to file their 2023 income tax returns up until the clock strikes midnight.

So if you're a last-minute filer, you're in good company - and even more so if you expect a refund. Werfel noted that the agency has already paid out more than $200 billion in refunds through early April. Overall, two in three filers are owed money back, he said. For instance, check that the following are correct: the spelling of your name, your address, your filing status, your Social Security number and your bank account number if you're seeking direct deposit for a refund. Also double check your computations. Do all this even if you relied on a tax program or tax professional to prepare your return.

Source: Loan Digest (loandigest.net)

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