Taxpayers should file their tax return on time to avoid costly interest and penalty fees [税金]
Taxpayers should file their tax return by the deadline even if they cannot pay their full tax bill. Taxpayers who owe tax and don't file on time, may be charged a failure-to-file penalty. This penalty is usually five percent of the tax owed for each month, or part of a month that the tax return is late, up to 25%.
If an individual taxpayer owes taxes, but can't pay in full by the April 18, 2022, deadline, they should:
If an individual taxpayer owes taxes, but can't pay in full by the April 18, 2022, deadline, they should:
