Consequences of Missing the Tax Deadline

Understand the Consequences of Missing the Tax Deadline…

1. Failure-to-File Penalty: 5% of the unpaid taxes for each month your return is late, up to 25%.​

2. Failure-to-Pay Penalty: 0.5% of the unpaid taxes for each month the payment is late, also up to 25%.​

3. Interest: Accrues on unpaid taxes from the due date until the balance is paid in full.

KEY 2025 TAX DUE DATES

 

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