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IRS Issues Major Tax Deadline Reminder for Millions

IRS Issues Major Tax Deadline Reminder for Millions

Summary

The IRS reminded millions of taxpayers that their 2024 tax returns are due by October 15, particularly for those who received extensions. Despite the ongoing government shutdown, the IRS maintained that the tax filing deadline remains in effect, and interest and penalties apply for late submissions.

Key Facts

  • The deadline for filing extended 2024 tax returns is October 15.
  • The original tax filing deadline was April 15.
  • Over 20 million taxpayers are expected to file by the extended deadline.
  • The government shutdown does not impact the tax filing deadline.
  • Failing to file or pay on time may result in a 5% penalty per month on taxes owed.
  • The IRS encourages electronic filing and has multiple payment options available.
  • Certain taxpayers affected by terrorist actions in Israel have deadlines extended to September 30, 2026.
  • People affected by federally declared disasters may also receive deadline extensions.

Source Information