2025 US Tax Deadline: Due Date and Consequences of Missing It
Many individuals procrastinate when it comes to filing their taxes. According to Investment Property Exchange Services, over 31% of workers admit to delaying their tax returns. Understanding the 2025 tax deadline is crucial to avoid unnecessary penalties.
2025 US Tax Deadline: Key Information
The deadline for filing 2025 tax returns in the United States is set for Wednesday, April 15, 2026. Failing to meet this deadline can result in significant financial consequences.
Penalties for Late Filing
If you do not file your tax return on time, you may encounter various penalties. Here are the main consequences:
- Failure-to-File Penalty: This penalty is 5% of the unpaid taxes for each month you are late. It can apply for up to five months. If you are more than 60 days late, the minimum penalty will be either 100% of the owed taxes or $485, whichever is lower.
- Failure-to-Pay Penalty: This penalty is 0.5% of your unpaid taxes each month, capping at 25% of the total amount owed. If both penalties apply in a month, the failure-to-file penalty is reduced to ensure your total penalties do not exceed 5% monthly.
Extending Your Tax Filing Deadline
If you anticipate needing more time, the IRS allows you to request an extension. This can push your filing deadline to Thursday, October 15, 2026. Here are the options for requesting an extension:
- Use IRS Free File to electronically request an automatic extension.
- File Form 4868, which is the Application for Automatic Extension of Time To File U.S. Individual Income Tax Return, by mail.
You can either file your extension request by mail or electronically through an IRS e-filing partner or a tax professional. Ensure that any extension requests are submitted by the original tax deadline of April 15.
Staying informed about the 2025 US tax deadline and understanding the potential consequences of missing it can help you avoid financial pitfalls. Plan ahead to ensure timely and accurate filing of your taxes.
