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Taxpayers owed a refund won’t be charged a fee for filing late. The failure-to-pay penalty is 0.50% each month your IRS payment is late, up to 25%, according to the IRS.
If your filing status is... and at the end of 2023 you were... then file a tax return if your gross income was at least... single. under 65. $13,850
Otherwise, the fee can be as much as 5% of the unpaid tax each month up to a maximum of 25%. Late payment penalties are generally 0.5% of the unpaid tax per month, though that can build to as much ...
The penalty is 5% of the amount of unpaid tax per month (or partial month) the return is late, up to a maximum of 25%. [6] A minimum penalty of $435 may apply for returns over 60 days late. The minimum penalty is the lesser of $435 or 100% of the tax due on the return.
Although 2024 taxes aren't due until April 15, 2025, the IRS generally begins accepting returns in late January. The sooner you're able to file yours, the sooner your refund will arrive.
If you’ve filed your return and owe less than $50,000 in tax, penalties and interest, you can apply for the IRS Online Payment Agreement, which allows you to avoid the hassle of calling the IRS ...