IRS Penalty for Filing Late: How Much You Owe and How to Reduce It
The IRS penalty for filing late is 5 percent of unpaid taxes per month, with a maximum of 25 percent.…
U.S. Financial News — IRS, Social Security & Federal Payments, Explained
Explore IRS tax filing news, filing deadlines, return requirements, extension rules, tax season updates, and official IRS guidance to help taxpayers understand the federal filing process.
The IRS penalty for filing late is 5 percent of unpaid taxes per month, with a maximum of 25 percent.…
Last Updated April 15, 2026 • 4:50 AM ET The April 15 IRS filing and payment deadline has passed. Taxpayers…
Last Updated April 14, 2026 • 9:02 AM ET The April 15 IRS deadline is tomorrow — the final day…
A tax extension gives you six additional months to file your federal tax return, but it does not give you…
Last UPDATEd April 13, 2026 • 10:55 AM ET The IRS Free File program remains open through Tuesday, April 15,…
No tax on tips is now the law for millions of American workers. The One Big Beautiful Bill, passed by…
Last UPDATEd April 12, 2026 • 12:55 AM ET The IRS confirmed in IR-2026-37 (March 20, 2026) that over 1.3…
LIVE UPDATE March 28, 2026 • 1:02 AM ET IRS interest rates for Q1 2026 remain fixed at 7% for…
FREEZE RELEASE: Tuesday, March 24 — 6:00 AM ET The IRS is officially clearing the final “Hard Freeze” backlog for…
Updated: June 5, 2026 – The PATH Act freeze is not a glitch, not a delay specific to your return,…