April 15 may not be deadline for most taxpayers - WREX.com – Rockford’s News Leader

April 15 may not be deadline for most taxpayers

Posted:
WASHINGTON DC (WREX) -

Tuesday, April 15 is the deadline to file your taxes, but if you're owed a refund, you may not have to worry if you haven't yet started your return.

While the Internal Revenue Service likes to keep it quiet, penalties for filing late federal tax returns only apply to those who owe money, since the penalty is a percentage of the amount you owe. If you owe nothing, a percentage of that is still nothing.

However, taxpayers owed a refund are still strongly encouraged to file on time in order to receive that refund as quickly as possible. Also, if you have unpaid taxes, those late fees can add up fast.

According to the IRS, about two-thirds of tax filers get refunds.

 

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WREX. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Trista Truesdale at (815) 335-7856. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.