There’s no query COVID tousled plenty of lives. Congress gave People a break on submitting their federal revenue taxes, however that grace interval for extensions ran out on Oct. 17.
This yr, “the IRS obtained about 19 million requests for extensions to file till October 17 and urged folks to file electronically.,” the company states. That’s good recommendation yearly, by the way in which.
Nonetheless must file? Right here’s what you might want to know, in keeping with the IRS:
- Extension filers who owe taxes ought to pay as a lot as doable to cut back curiosity and penalties.
- Those that have but to file a 2021 tax return, owe tax, and didn’t request an extension, can usually keep away from extra penalties and curiosity by submitting the return and paying any taxes owed as quickly as doable.
- Individuals who have a extension and are in – or affected by – a federally-declared catastrophe space could also be allowed more time to file
- Particular deadline exceptions might apply for certain military service members and eligible support personnel in combat zones. A number of resources can be found for service members and their households who could also be eligible for these exceptions.
Typically, the easiest way to file is electronically, because the company is admittedly backed up on paper kind processing.