The deadline to file taxes is approaching quickly, with less than two weeks left.
Taxpayers who requested an extension for their 2024 tax return must submit their filings by Wednesday, October 15, to avoid late filing penalties.
The IRS recommends that taxpayers utilize e-filing and direct deposit for the quickest and safest refund process.
It’s crucial to understand that an extension to file does not mean an extension to pay. Those who owe taxes and have filed for an extension should pay as much as they can to minimize interest and penalties.
Taxpayers who have not filed their 2024 return and did not request an extension can typically avoid extra penalties and interest by filing and settling any owed taxes as soon as possible.
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Some individuals may qualify for additional time to file:
- Those with an extension who live in or have been impacted by a federally declared disaster area may receive more time to submit their returns.
- Certain military service members and eligible support personnel in combat zones may have special deadline exceptions. Various resources are available to assist service members and their families with these exceptions.
Accessing tax account information
Taxpayers can log into their IRS Online Account or TurboTax Online to access important documents like W-2s and retrieve details from their most recent tax return, including their adjusted gross income (AGI), which can aid in preparing and filing their return.
This account also allows users to see their balance due, payment history (including estimated payments), payment plan options, digital copies of some notices, their registered address, and authorization requests from tax professionals.
Payment options
Those who owe taxes can make payments online through IRS Direct Pay at no cost, or they may choose to use a debit card, credit card, or digital wallet, which could incur a processing fee.
If taxpayers have a balance and cannot pay it immediately, they should consider applying for a payment plan. The IRS provides additional information for those who find it challenging to pay their tax liabilities.
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