Missed the Tax Deadline? Here's What to Do

 If you missed the April 2025 tax deadline, don’t panic—there are still steps you can take to minimize penalties and interest while getting back on track. Here’s a thorough breakdown to help you through the process. 



File Your Tax Return ASAP 

Even if you missed the deadline, filing as soon as possible helps reduce penalties. The Failure-to-File penalty accrues at 5% per month on unpaid taxes, up to 25%. If your return is more than 60 days late, the minimum penalty is $510 or 100% of the unpaid tax, whichever is lower. 

Pay What You Can 

Interest and penalties continue to grow until the balance is fully paid. If you can’t pay the full amount now, pay as much as possible to reduce future charges. 

Online Payment Options 

The IRS offers secure payment methods: 

  • IRS Online Account – Manage payments and view tax records. 

  • IRS Direct Pay – Pay directly from a bank account. 

  • Electronic Federal Tax Payment System (EFTPS) – Schedule payments in advance. 

  • Debit/credit card or digital wallet – Additional processing fees may apply. 

If you can’t pay in full, apply for a payment plan online to spread payments over time. 

Trouble Paying? IRS Offers help 

If you’re struggling to pay, the IRS provides options: 

  • Still file your tax return – Prevent additional penalties. 

  • Explore payment plans – Apply online for installment agreements. 

  • Instant responses – Taxpayers receive immediate approval or denial when applying online for payment plan.  

Payment Plan Options 

The IRS offers flexible payment plans: 

  • Short-term plan – For balances under $100,000, get up to 180 extra days to pay. 

  • Long-term plan – For balances under $50,000, make monthly payments (up to 10 years). 

  • Direct debit option saves on postage and reduces default risk. 

  • Extending payments increases penalties and fees. 

  • Reduced penalties for installment plans – The Failure-to-Pay penalty reduces while in an agreement. 

Penalty Relief 

If you receive an IRS penalty notice, review it carefully and follow instructions to request relief. 

  • First-time penalty abatement – If you’ve filed and paid taxes on time for the last three years, you may qualify. 

  • Administrative penalty relief – Learn more on the IRS website. 

Final Thoughts 

Missing the tax deadline isn’t ideal, but taking action quickly can help minimize financial consequences. File your return, pay what you can, and explore IRS payment options to stay compliant. 

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