< Back to All News

Today Is Tax Filing Extension Deadline

If you still haven’t filed your taxes this year, today is the last day of the six-month extension granted by the Internal Revenue Service. And IRS Spokesman David Tucker reminds us, once again, that, in case you didn’t already know, it’s not an extension to pay…

click to listen to David Tucker

Tucker says if you can’t pay it all immediately, pay as much as you can. Penalty and interest are based on the amount you owe and how long you owe it. Late payment penalties are calculated at point-5-percent of the unpaid balance per month. The maximum you can be charged in late payment penalties is 25-percent. Tucker says many people wait as last as possible to pay their taxes and find themselves caught off-guard by the April 15th deadline…

click to listen to David Tucker

And if you miss today’s deadline, the IRS says a failure to file penalty will be assessed. The amount depends on the individual.

KNCO Web Comments Guidelines

  1. Keep it clean. Comments with inappropriate language, no matter how cleverly spelled or decorated will not be posted.
  2. Comments on the way the story was written or misspelled words will be passed on to the story authors and not posted.
  3. Please use your real name. Anonymous comments or comments posted using a fake name or web handle may not be posted.
  4. Please use your real email address so we can contact you.
  5. No flaming. Any comments that are primarily of a name calling finger pointing nature may not be posted.
  6. The comment section is not a right it is a privilege. KNCO retains all rights as to what is posted on its website.

Leave A Comment

*

*

* captcha