April 18 Is Tax Day, Extend But Don’t File Late

The deadline to file 2021 federal taxes for most people is Monday, April 18. You can forget special Covid extensions this year, but why April 18th? It turns out that April 15 is Emancipation Day, a holiday in Washington, D.C. So the IRS is giving the nation a an extra weekend. Late tax returns incur penalties, and they can be big. Late payment triggers other penalties. That’s right, the IRS penalizes you if you file late, and penalizes you again if you pay late. What’s more, filing late can draw extra scrutiny. That’s right, filing late could make you more likely to be audited. Talk about a triply whammy,

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