How much is the penalty for filing a tax return after the deadline?
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The penalty for filing a tax return after the deadline is 5% of your total taxes owed each month. The penalty won’t exceed 25% of your unpaid taxes within 60 days after the deadline, but after 60 days the minimum penalty is either $130 or 100% of your taxes owed (whichever is smaller).
Even if you know you can’t afford to pay your taxes, you should definitely go ahead and file your tax return. The penalty for not filing your tax return can be 10 times more than the penalty for not actually paying the taxes you owe, and interest accrues for your total balance (penalties + taxes owed).
If you need help paying your taxes owed, the IRS has several programs to help taxpayers manage their debt.
Table of Contents
FAQ
You got this—all you have to do is start!
We make filing taxes delightfully simple with our flat–rate price. Every feature included for everyone.
Start filingMore Tax Guides
FAQ
Coronavirus Pandemic News and Resources
Tax Reform 101
Tax-Related Identity Theft
Filing Your Taxes 101
For Students and New Grads
Taxes for Families
Affordable Care Act
Taxes and Your Job
Taxes for the Self-Employed
Tax Breaks for Homeowners
Health and Life Insurance
Investing and Retirement
Tax Savings Strategies
Tax Terms
IRS Tax Dates
Disaster Relief
State Taxes