Are you wondering, what happens if I miss the April 15, 2019 tax filing deadline?
Well, there's some good news and some bad news here.
What a Tax Extension DOES and DOES Not Do?
First, the bad news. If you miss that deadline, you must still file your return. Filing late could cost you more thanks to late-filing interest and penalty charges.
Now, the good news. If you are due a refund, the IRS will not penalize you for failing to get your paperwork in on time.
What Are the Penalties for Filing Late?
Penalties are calculated at 0.5% of unpaid balance per month, 25% is the max you can be charged in late penalties.
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