Today is April 15, and that means it's tax day.
While some sit back and enjoy the spoils of filing months in advance, others will scramble to turn in forms for returns on time.
For those who have procrastinated to the point of no return, there's another option - around 75 percent of filers are eligible to submit their information after Tuesday with no risk of a penalty, the Los Angeles Times reported. Those who owe money to the Internal Revenue Service, however, will be fined for missing the April 15 deadline and cannot apply for an extension.
Those due to pay Uncle Sam might encounter steep penalties for not filing in time - the government will impose a monthly fine of 5 percent on the balance. Fines are usually capped at around 25 percent of the initial tax fee. Extra interest is usually charged to the bill, along with another fine for not paying up on time. This late fee is separate from the overall penalty for not filing in a timely fashion, the LA Times reported.
Taxpayers who don't owe money to the government can apply for an extension until Oct. 15. Those who need some additional time to get all their ducks in a row will have the next six months to file if they're approved for an extension.
Those interested must fill out IRS Form 4868 by April 15, end of day.
Tax liabilities must be filed to get the extension, and taxpayers must prove they can pay the estimated bill for approval.
According to the LA Times, an estimated 12 million filers will request an extension from the IRS by the April 15 deadline.
Some restaurants and stores are offering tax day deals, including Boston Market, whose "Tax Day Deal Chicken Meal" buys a half rotisserie chicken, two sides and cornbread for two for just $10.40.
Sonic Drive-In will host all day Happy Hour, with half-priced slushes and drinks.
© 2025 HNGN, All rights reserved. Do not reproduce without permission.
