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Missing the tax day deadline isn't the end of the world. For some, there is no penalty for filing a late return — but only if you know you'll be getting a refund this year. If you didn't file in ...
There is a list of penalties and fees you need to know if you missed the tax deadline, according to the Indiana Department of Revenue. ... fraudulent intent to evade tax: 100% penalty.
If the taxpayer doesn’t file until July 17, which is more than 60 days late, his failure-to-file penalty will be $435 — $435 being the lesser of that minimum or 100% of the tax owed.
Failure-to-pay penalty: The IRS charges a 0.5% penalty on the tax owed for each month, or part of the month, the payment is late, up to 25%. The rate becomes 1% if the tax is still unpaid 10 days ...
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
However, if it turns out you owe the IRS money from 2023, missing the Oct. 15 deadline could mean getting hit with a failure-to-file penalty equaling 5% of your unpaid tax bill for each month or ...