If you owe the IRS any money, you'll face a late filing penalty equal to 5 percent of the tax you owe per month, up to a maximum penalty of 25 percent. The IRS maintains a page for details on qualifying events.įailure to meet the deadline could mean serious consequences. Special relief may be available for those affected by natural disasters, such as this year's devastating hurricanes and wildfires. The IRS generally only grants additional tax extensions to members of the military who are serving in combat zones and contingency operations, or certain taxpayers living outside the U.S. 16, is the filing deadline.ĭid you squander your extension time? If so, you're probably out of luck. If you received an extension of time to file your taxes this year, hopefully you made good use of it – because the due date is here.
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