What happens if I file my taxes late?

If you file your taxes late, you may be subject to a failure-to-file penalty, which is generally 5% of the unpaid taxes for each month or part of a month that the return is late, up to a maximum of 25%. You may also be subject to a failure-to-pay penalty if you don't pay your taxes on time.

What documents do I need to file my taxes?

You'll generally need your Social Security number, W-2 forms from your employer(s), 1099 forms for any other income you received, and records of any deductions or credits you plan to claim. This includes documentation for things like student loan interest, charitable donations, and medical expenses.

Can I file for a tax extension?

Yes, you can file for an automatic tax extension using Form 4852. This gives you an additional six months to file your return, but it does *not* extend the time to pay your taxes. You still need to estimate your tax liability and pay it by the original deadline to avoid penalties.

What happens if I file my taxes late?

If you file your taxes late, you may be subject to a failure-to-file penalty, which is generally 5% of the unpaid taxes for each month or part of a month that the return is late, up to a maximum of 25%. You may also be subject to a failure-to-pay penalty if you don't pay your taxes on time.

What documents do I need to file my taxes?

You'll generally need your Social Security number, W-2 forms from your employer(s), 1099 forms for any other income you received, and records of any deductions or credits you plan to claim. This includes documentation for things like student loan interest, charitable donations, and medical expenses.

Can I file for a tax extension?

Yes, you can file for an automatic tax extension using Form 4852. This gives you an additional six months to file your return, but it does *not* extend the time to pay your taxes. You still need to estimate your tax liability and pay it by the original deadline to avoid penalties.

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