WASHINGTON — The Internal Revenue Service encourages taxpayers who missed Monday ‘s April 18 tax-filing deadline to file arsenic soon as possible. While taxpayers due a refund receive no penalty for filing late, those who owe and missed the deadline without requesting an extension should file quickly to limit penalties and sake .
Families who do n’t owe taxes to the IRS can however file their 2021 tax render and claim the Child Tax Credit for the 2021 tax class at any sharpen until April 15, 2025, without any penalty. This class besides marks the first time in history that many families with children in Puerto Rico will be eligible to claim the Child Tax Credit, which has been expanded to provide up to $ 3,600 per child .
Some taxpayers mechanically qualify for excess time to file and pay taxes due without penalties and interest, including :
- Members of the military who served or are currently serving in a combat zone. They may qualify for an additional extension of at least 180 days to file and pay taxes.
- Support personnel in combat zones or a contingency operation in support of the Armed Forces. They may also qualify for a filing and payment extension of at least 180 days.
- Taxpayers outside the United States. U.S. citizens and resident aliens who live and work outside the U.S. and Puerto Rico, including military members on duty who don’t qualify for the combat zone extension, may qualify for a 2-month filing and payment extension.
- Some disaster victims. Those who qualify have more time to file and pay what they owe.
File without penalty to get a tax refund
Some people may choose not to file a tax return because they did n’t earn enough money to be required to file. But they may miss out on receiving a refund. The only way to get a refund is to file a tax fall. There ‘s no penalty for file after the April 18 deadline if a refund is due. Taxpayers are encouraged to use electronic file options including IRS Free File which is available on IRS.gov through October 17 to prepare and file 2021 tax returns electronically .
While most tax credits can be used to reduce the tax owed, there are a few credits that allow taxpayers to receive money beyond what they owe. The most coarse examples of these refundable credits are the earn Income Tax Credit, Child and Dependent Care Credit and Child Tax Credit. Those who do n’t normally file and did n’t qualify for a third-round Economic Impact Payment or got less than the full sum may be eligible to claim the 2021 Recovery Rebate Credit when they file their 2021 tax hark back. Taxpayers often fail to file a tax return and claim a refund for these credits and others for which they may be eligible .
generally, the IRS issues nine out of 10 refunds in less than 21 days for taxpayers who e-file and choose lineal depository. however, it ‘s possible a tax hark back may require extra recapitulation or take longer. The IRS processes paper tax returns in the order they are received .
Taxpayers can track their refund using the Where ‘s My Refund ? tool on IRS.gov, IRS2Go or by calling the automated refund hotline at 800-829-1954. Taxpayers need the chief Social Security number on the tax render, the filing status and the expected refund come. The refund status information updates once daily, normally overnight, so there ‘s no motivation to check more frequently .
File to reduce penalties and interest
Taxpayers should file their tax refund and pay any taxes they owe equally soon as possible to reduce penalties and interest. An extension to file is not an extension to pay. An propagation to file provides an extra six months with a new filing deadline of October 17. Penalties and interest enforce to taxes owed after April 18 and matter to is charged on tax and penalties until the symmetry is paid in full .
Filing and paying a much as possible is key because the late-filing penalty and late-payment penalty add up promptly.
even if a taxpayer ca n’t afford to immediately pay the full sum of taxes owed, they should silent file a tax return to reduce possible delayed filing penalties. The IRS offers a assortment of options for taxpayers who owe the IRS but can not afford to pay .
normally, the failure to file penalty is 5 % of the tax owed for each month or part of a month that a tax recurrence is late, up to five months, reduced by the bankruptcy to pay punishment sum for any month where both penalties apply. If a return is filed more than 60 days after the due date, the minimal penalty is either $ 435 or 100 % of the unpaid tax, whichever is less .
The bankruptcy to pay punishment rate is generally 0.5 % of unpaid tax owed for each calendar month or contribution of a calendar month until the tax is amply paid or until 25 % is reached. The rate is subject to change. For more information see the Penalties page on IRS.gov .
Taxpayers may qualify for penalty relief if they have filed and paid seasonably for the past three years and meet early important requirements, including paying or arranging to pay any tax due. For more data, see the beginning time penalty suspension page on IRS.gov .
Pay taxes due electronically on IRS.gov/payments
Those who owe taxes can pay promptly and securely via their Online Account, IRS Direct Pay, debit or credit card or digital wallet, or they can apply online for a requital design ( including an episode agreement ). Taxpayers paying electronically get immediate ratification when they submit their payment. With lead Pay and the Electronic Federal Tax Payment System ( EFTPS ), taxpayers can receive e-mail notifications about their payments.
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Selecting a tax professional
The IRS offers tips to help taxpayers choose a Tax Professional to assist in tax retort formulation .
The Directory of Federal Tax Return Preparers with Credentials and Select Qualifications can help taxpayers find tax fall preparers who hold a professional certificate recognized by the IRS or who have completed IRS requirements for the Annual Filing Season Program .
Taxpayer Bill of Rights
Taxpayers have fundamental rights under the jurisprudence that protect them when they interact with the IRS. The Taxpayer Bill of Rights presents these rights in 10 categories. IRS Publication 1, Your Rights as a Taxpayer, highlights these rights and the representation ‘s obligation to protect them .