What Happens If You Miss The Tax Extension Deadline
The Internal Revenue Service tax filing deadlines are dates set well in advance in order to ensure every U.S. taxpayer has time to get their financial affairs in order. But the IRS also understands that sometimes people need an extension due to unplanned circumstances. As with the official tax filing date, extensions are also made public well in advance so that everyone can pay their tax duties. This year, the tax extension deadline is October 15, 2021. However, life can bring unexpected circumstances, and some individuals, often due to things beyond their control, may miss this extension deadline too. In that case, you might wonder what to do. In this guide, we’ll look at how to approach a missed extension deadline and whether or not to still file. What If You Miss The Extension? Just because you missed the IRS tax filing extension deadline does not mean you’re exempt from filing taxes. The minimum for single filing status if under age 65 is $12,400, and $14,050 if age 65 or olde...