Missed the April 2025 Tax Deadline? Here’s What to Do | |
If you missed the April 2025 tax deadline, don’t stress—there’s still time to take action and reduce penalties. Acting quickly can make a big difference. 1. File Immediately Filing your return as soon as possible helps limit the Failure-to-File penalty, which can be up to 5% per month (capped at 25%). If you’re more than 60 days late, the minimum penalty is $510 or 100% of your unpaid tax, whichever is less. 2. Pay What You Can Even if you can’t pay in full, send as much as possible. Interest and penalties keep building until the balance is paid off. 3. Use Secure IRS Payment Tools IRS Online Account – View balances and make payments. Direct Pay – Pay directly from your bank account. EFTPS – Schedule payments online. Debit/Credit Cards or Digital Wallets – Fast but may include fees. 4. Consider a Payment Plan If full payment isn’t possible, apply online for: Short-Term Plans – Up to 180 days for balances under $100,000. Long-Term Plans – Monthly payments for up to 10 years if you owe under $50,000. Plans with direct debit are more secure and reduce risk of default. 5. Seek Penalty Relief You may qualify for First-Time Penalty Abatement if you’ve been compliant for the past three years. Always read IRS notices carefully and follow their instructions. Final Tip: Don’t ignore the issue. Filing and paying—even partially—shows good faith and can help you avoid deeper trouble. Stay proactive and reach out to a tax professional if needed. Facebook: AjayKCPA Instagram: sai_cpa_services Twitter: SaiCPA LinkedIn: Sai CPA Services WhatsApp: Sai CPA Channel Phone: (908) 380-6876 (908) 888-8900 1 Auer Ct, East Brunswick, NJ 08816 #SaiCPAService #TaxHelp #MissedDeadline #LateFiling #TaxSupport #FileSmart #SmallBusinessHelp #NJaccountant ![]() | |
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Target State: New Jersey Target City : East Brunswick Last Update : Jun 17, 2025 2:07 PM Number of Views: 2 | Item Owner : Saicpa Contact Email: Contact Phone: +1 9083806876 |
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