The IRS offers resources for taxpayers who missed the April 2025 federal income tax filing deadline and owe taxes, interest, and penalties.
If you’ve missed the IRS tax filing deadline, it’s important to act promptly to minimize any potential penalties and interest. The first step is to file your tax return as
soon as possible to reduce late filing penalties, which can be substantial. If you owe taxes, it’s crucial to pay as much as you can to lower interest and late payment penalties. Consider setting up a payment plan with the IRS if you’re unable to pay the full amount immediately. If you are due a refund, there are no penalties for filing late, but you should still file promptly to receive your refund. Additionally, if you have a reasonable cause for missing the deadline, you may request penalty relief. Always keep records of any correspondence with the IRS and seek professional tax advice if needed. Read on…
soon as possible to reduce late filing penalties, which can be substantial. If you owe taxes, it’s crucial to pay as much as you can to lower interest and late payment penalties. Consider setting up a payment plan with the IRS if you’re unable to pay the full amount immediately. If you are due a refund, there are no penalties for filing late, but you should still file promptly to receive your refund. Additionally, if you have a reasonable cause for missing the deadline, you may request penalty relief. Always keep records of any correspondence with the IRS and seek professional tax advice if needed. Read on…Online payment options
Individuals can pay taxes owed securely through IRS Online Account, IRS Direct Pay, The Electronic Federal Tax Payment System (EFTPS), debit/credit card or digital wallet. Taxpayers may also apply online for a payment plan, including installment agreements.
Those who pay electronically get immediate confirmation after submitting payment. Direct Pay and the EFTPS allow taxpayers to receive payment email notifications. For additional payment information, visit Make a payment.
Key points:
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File and Pay Promptly: Taxpayers should file their return and pay as much as possible to minimize accruing interest and penalties.
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Online Payment Options: Secure payment methods include IRS Online Account, IRS Direct Pay, EFTPS, debit/credit card, or digital wallet. Electronic payments provide immediate confirmation, and Direct Pay/EFTPS offer email notifications.
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Payment Plans:
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Short-term: For balances under $100,000, with up to 180 days to pay.
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Long-term: For balances under $50,000, with monthly payments over up to 72 months, ideally via direct debit to avoid default.
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Installment agreements reduce the failure-to-pay penalty by half, though interest and penalties continue to accrue.
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Penalty Relief: Taxpayers who filed and paid on time for the past three years may qualify for first-time penalty abatement or other administrative waivers.
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Additional Help: Visit IRS.gov for payment plan details, penalty relief information, or to apply online for assistance with tax debt.
For the complete article and to find out more about late filing and IRS payments, visit https://www.irs.gov/newsroom/irs-has-options-to-help-taxpayers-who-missed-the-filing-deadline