logo
Haven't filed your taxes yet? Missed the deadline? Here's what the IRS says to do next

Haven't filed your taxes yet? Missed the deadline? Here's what the IRS says to do next

Yahoo17-04-2025

The April 15 federal tax deadline has come and gone, but the IRS says you should still submit your tax return soon if you haven't already.
Missed the Tax Day deadline? Here's what happens if you delay filing.
You could be subject to penalties and interest if you don't file and pay your taxes by the April 15 deadline.
After Tax Day, the IRS recommends filing as soon as possible to minimize penalties, especially if you owe money. If you're expecting a refund or don't owe money on your taxes, there's no penalty for filing after the April 15 deadline, but the IRS says taxpayers due a refund should still consider filing as soon as possible.
In states like Kentucky, victims of natural disasters can receive extended tax deadlines, which pushes the deadline back to Nov. 3, 2025.
Taxpayers living overseas, certain military service members and eligible support personnel in combat zones may also have extra time to file their tax returns, per the IRS.
The deadline to request an extension was April 15, which guaranteed six more months (October 15) to file without penalties. However, an extension to file is not an extension to pay if you owe money to the IRS.
If you didn't request an extension, the IRS says you should still file your taxes now and pay as much as possible to help reduce penalties and interest.
The IRS says taxpayers who don't owe tax or are owed a refund won't have to pay penalties for filing after the April 15 deadline, but should still file ASAP.
Those who e-filed tax returns should receive a refund about one month or less from the filing date, according to the IRS. You can typically check your refund status soon after you file using the Where's My Refund tool, downloading the free IRS2Go mobile app or calling 800-829-1954.
The refund tracker displays three status types:
Return received: The IRS has received and is processing your tax return.
Refund approved: If the return is complete and accurate, the IRS will approve and prepare to issue a refund.
Refund sent: The refund was sent to your bank or the IRS sent a check through the mail.
A refund status will appear 24 hours after you e-file a current-year return, three to four days after e-filing a prior-year return, or four weeks after you file a paper return.
Typically, it takes up to 21 days to process an e-filed return, or longer for amended returns and returns sent by mail. The IRS recommends direct deposits as the fastest way to get your refund, rather than a mailed paper check that can take weeks to arrive.
This article originally appeared on The Columbus Dispatch: Missed the Tax Day 2025 deadline? Here's what the IRS says to do

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Social Security garnishments spark alarm
Social Security garnishments spark alarm

Miami Herald

time3 hours ago

  • Miami Herald

Social Security garnishments spark alarm

Hundreds of thousands of Social Security recipients were jolted recently by notices warning that their benefits would be reduced starting in June. The reason? Delinquent federal student loans. However, in a last-minute reversal, the Trump administration announced a pause on the garnishment of Social Security checks for borrowers in default. Don't miss the move: Subscribe to TheStreet's free daily newsletter The initial warnings, issued by the Departments of Education and Treasury, triggered widespread concern among older Americans, especially those already living on fixed incomes. While the temporary suspension may offer short-term relief, it does little to clarify the long-term picture or ease the financial vulnerability of retirees with government debt. Tania Melnyczuk on Unsplash According to Elaine Floyd, director of retirement and life planning at Horsesmouth, garnishment of Social Security and other federal retirement benefits is authorized under the Treasury Offset Program for several types of unpaid federal debts: Unpaid federal student loans: "If you've defaulted on your federal student loans, the government can garnish up to 15% of your monthly Social Security payment without giving you a court hearing or additional warnings," said Floyd. "They must leave you with at least $750 per month. For example, if your benefit is $3,000 per month, they can take $450 (15%). If your benefit is $800 per month, they can take no more than $50, ensuring that you can keep at least $750."Unpaid federal taxes: Garnishments for back taxes are handled under the Federal Payment Levy Program (FPLP) and continue until the debt is paid in full. "The $750 protection applied to other loans does not apply to federal income tax debts," Floyd said. "A court order is not required." While the IRS typically sends multiple warning letters, retirement, disability, and survivor benefits remain subject to garnishment-though Supplemental Security Income (SSI), lump-sum death payments, and children's benefits are obligations: "For child support or alimony, the Consumer Credit Protection Act (CCPA) limits garnishment of Social Security benefits to a maximum of 50% if you're supporting a spouse or child other than the one covered by the court order," said Floyd. "If you are not supporting another spouse or child, the limit is 60%. Additionally, if the support is 12 or more weeks in arrears, an additional 5% can be garnished." Floyd emphasized that the Social Security Administration (SSA) cannot reverse garnishment once it begins. "It is therefore preferable to work out debt repayment arrangements directly with the creditor in question before garnishment of Social Security starts." Options may include installment agreements or offers in compromise with the IRS. "Even though taxes would still be owed, taking such measures would forestall garnishment by the IRS." She said settlement, rehabilitation, or consolidation could be considered for student loans in default. "Obviously, debt management and repayment options are varied and complex." She warned that bankruptcy typically is not a solution. "Taxes, federal student loans, and child support - the very loans Social Security can be garnished for - may not be discharged in bankruptcy." Related: How the IRS taxes Social Security income in retirement In January, the average monthly Social Security retirement benefit was estimated to be $1,976, and 68 million Americans received Social Security benefits, and 7.5 million received Supplemental Security Income (SSI) benefits. Heather Schreiber, founder of HLS Retirement Consulting, said most people are unaware of the history and scope of the Treasury Offset Program. "Most consumers are unaware of the history of the Treasury Offset Program," she said. "It was created back in 1996 under then-President Clinton and had wide bipartisan support." She explained that the program was designed to collect delinquent debts such as federal student loans, unpaid federal and state taxes, child support, and SSA overpayments by intercepting federal payments like tax refunds, Social Security and Railroad Retirement benefits (capped at 15%), and federal unemployment compensation. Schreiber noted that when the program was suspended in 2020 due to the COVID-19 pandemic, some may have assumed it was permanently repealed. "I'm sure many believed (if they were aware that the TOP program existed) that the program was permanently repealed." Its reinstatement, she said, is happening amid a wave of financial challenges for retirees. "Combine its reinstatement with all the other news - of inflation, retirees' concerns about being able to survive in retirement, reinstatement of a quick 100% now down to 50% overpayment recovery rate, the solvency issue that could result in benefit cuts across the board, and now a potential cut to benefits for those who have defaulted on student loans," said Schreiber. "It's a Molotov cocktail that only heightens concerns on an already fearful retired population who is struggling." Related: Social Security income tax deduction clears critical hurdle She welcomed the pause. "So, I am certainly glad that the Department of Education put this on hold before it came out of the gate," Schreiber said. "All the more reason that consumers planning for retirement should find a knowledgeable adviser to help them better plan for and navigate the road to and through retirement." Jim Blankenship, a certified financial planner with Blankenship Financial Planning, said options for those already facing garnishment are limited. "Unfortunately, this situation doesn't come with many escape options," he said. Blankenship said the usual advice - reduce expenses, increase income, or sell possessions - often falls flat for those living on Social Security alone. "The age-old advice of 'reduce expenses,' 'find additional sources of income,' or 'sell some possessions' becomes hollow when the expenses are mostly fixed, taking on employment at a late age is not desired, and there are no possessions to sell," he said. Blankenship stressed that the debt must be dealt with directly. "The loan and the payment aren't going to go away - so reducing that outflow is not an answer," he said. "Realize that you're in a position where you must make hard choices about prioritizing things - housing, food, and medical expenses should come first, and literally everything else is up for debate." Related: Medicare recipients face a growing problem Solutions might include downsizing, renting out part of one's home, or seeking part-time work. "Some level of employment doesn't have to be out of the question, and many businesses are clamoring for employees these days." He encouraged a detailed review of all expenses. "If there are any extras in your month-to-month outflow of expenses that can be reduced, now is the time to do it," said Blankenship. That includes discretionary spending like dining out, entertainment, and subscriptions. "You may have to cut down on your regular coffee klatch, or dining out. Review your cell phone plan, review monthly subscriptions (including streaming services and the like) to see if there are reductions that can be made. Review insurance coverage - maybe increase your deductibles, if that would have an appreciable reduction in your premiums." Got questions about retirement, email The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.

Protection Tax Helps Clients Resolve Unfiled Returns Before IRS Action Escalates
Protection Tax Helps Clients Resolve Unfiled Returns Before IRS Action Escalates

Associated Press

time5 hours ago

  • Associated Press

Protection Tax Helps Clients Resolve Unfiled Returns Before IRS Action Escalates

Protection Tax helps clients file missing returns, reduce risk, and restore compliance using transcripts, deductions, and verified financial records. NASHVILLE, TN, UNITED STATES, June 7, 2025 / / -- With IRS enforcement efforts increasing, individuals and business owners with unfiled tax returns are turning to Protection Tax services to avoid penalties, interest, and legal consequences. The Protection Tax unfiled returns program is designed to help clients get back into compliance through structured filings and verified documentation. Protection Tax clients facing years of missed filings can receive assistance gathering wage records, reconstructing income, and resolving gaps in their IRS history. Each case begins with a full transcript review, allowing the Protection Tax intake team to identify exactly which years need attention — and which ones the IRS has already flagged. The Protection Tax compliance process ensures that returns are filed accurately, using allowable deductions, substantiated expenses, and a review of prior IRS actions. Once returns are submitted, Protection Tax professionals continue to monitor the file for enforcement risks such as audits, levies, or balance updates. For clients who owe after filing, the Protection Tax resolution team evaluates options such as payment plans, hardship status, or settlement offers — all based on verified financial documentation. This two-step approach (filing plus resolution) helps clients avoid the mistake of addressing tax debt without first correcting the root issue: non-filing. Unfiled returns can trigger substitute filings by the IRS, known as SFRs, which often exaggerate tax liability. The Protection Tax filing protocol helps replace these with proper returns, reducing liability and restoring the client's legal standing. Protection Tax LLC Protection Tax +1 855-225-1040 email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

IRS Allows Taxpayers To Deposit Payments Directly Into Elon Musk's Bank Account
IRS Allows Taxpayers To Deposit Payments Directly Into Elon Musk's Bank Account

The Onion

time21 hours ago

  • The Onion

IRS Allows Taxpayers To Deposit Payments Directly Into Elon Musk's Bank Account

WASHINGTON—As part of ongoing efforts to improve the efficiency with which it collects money for the world's richest man, officials at the Internal Revenue Service announced a new plan Tuesday allowing taxpayers to deposit payments directly into Elon Musk's bank account. The mandatory new service will reportedly help streamline the tax payment process, bypassing the government entities that traditionally pay Musk—the departments of Defense, Energy, and Transportation, as well as NASA—and instead transferring the funds directly into his checking account. According to the IRS, the updated system will reduce the time it takes for the Tesla and SpaceX CEO to receive taxpayer dollars from a few months to just a few hours. 'We've upgraded the user experience of our website, creating a fast, easy, and secure way for Americans to fulfill their tax obligation to Elon Musk,' said acting IRS commissioner Melanie Krause, adding that the payment hub would also provide more transparency into how the U.S. tax code personally enriches Musk. 'This long overdue change modernizes how we divert revenue away from vital services, optimizing Mr. Musk's ability to collect your hard-earned money.' 'It completely eliminates the outdated system of government loans, subsidies, grants, tax credits, tax rebates, and reimbursements he has used to amass wealth over the past two decades,' Krause continued. 'Now taxpayers can go to and, with a few simple clicks, make a direct deposit that immediately increases Elon Musk's net worth.' Confirming the new approach minimizes inefficiency by transferring money straight to Musk instead of through the maze of federal agencies that currently pay him, White House officials said the overhaul would open more loopholes for his companies to exploit and would add to the tens of billions of dollars the government has already contributed to his personal fortune. They described plans to continue cutting through burdensome red tape with the ultimate goal of circumventing the congressional appropriations process entirely. According to the IRS, enforcement measures have been put in place to make sure all low- and middle-income Americans pay their fair share, and in the coming weeks, workers who have taxes withheld by their employer can expect to see a new line item on their pay stubs that replaces entries such as Social Security and Medicare with one that just says 'Musk.' 'I was initially worried about using an online portal to send 20% of my income to Elon Musk, but the IRS website is pretty straightforward,' said Keith Fairfax, an auto mechanic in Knoxville, TN who told reporters he liked how the system offered real-time tracking of his payments as they were being funneled to the billionaire. 'It's nice to see where my hard-earned money is going, whether I'm helping Elon buy a new mansion, putting fuel in the tank of his private jet, or providing for his 13 known children.' 'But what I like most is when he threatens to use my tax dollars to fund primary challengers for any Republican who opposes Trump's agenda,' he added. 'That's when I know my money is really making a difference.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store