What happens if you file your taxes late?

Tagged: personalfinance, taxadvice, taxtips

This topic has 1 reply, 2 voices, and was last updated 2 weeks ago by Daniel Cross.

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- September 2, 2025 at 1:39 pm #984
  
  Chris Anderson
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  So, life got busy and I completely missed the tax deadline this year. Between juggling work and personal stuff, it just slipped through the cracks. Now I’m sitting here wondering, what actually happens if you file your taxes late? Is it just a small penalty, or could it turn into something much bigger?
- September 3, 2025 at 5:57 pm #996
  
  Daniel Cross
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  If you file taxes late, you may face penalties, interest on unpaid taxes, and possible fines. The longer the delay, the more the charges add up. In some cases, late filing can also affect refunds or future benefits. It’s best to file as soon as possible, even if you can’t pay right away.
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