Set up the deadline or a reminder so you don’t forget. Add the tax deadline to your calendar right now! Paper calendar, digital calendar, etc.Here are some things you can do to ensure you file on time by the deadline. Related: Where to Get Your Taxes Done (The 3 Best Places and Prices) Quick Tips for Filing On Time If you can’t file a complete return, file an extension. The penalties for not filing listed above are much steeper than the penalties for not paying. Wait to file more than 60 days after the tax deadline and you’ll face a minimum penalty of $135 or 100% of your tax, whichever is the smallest. So if you owe $100 in additional taxes, by August 15th you’d owe $105 ($100 plus the 5% penalty). This penalty maxes out at 25% of the additional tax you owe. You will be penalized 5% (of the amount of additional taxes you owe beyond what you paid in) each month you haven’t filed. Head’s up…many post offices stay open later on tax day to ensure you get your return filed. Update: Currently taxpayers will have ( according to the IRS website) until April 18, 2022, to pay and file their 2021 taxes.
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