While the federal income tax-filing deadline has passed for most people, some taxpayer’s have not filed their 2019 tax returns yet.
If the taxpayer is entitled to a refund, there’s no penalty for filing late. Penalties and interest will begin to accrue on any remaining unpaid tax due as of July 16, 2020.
Anyone who did not file and has a balance due should file as soon as possible and pay as much as possible to reduce penalties and interest. Electronic filing options are still available through October 15, 2020.
Some taxpayers may have extra time to file their tax returns and pay any taxes due. This includes some disaster victims, military service members and eligible support personnel in combat zones.