Hi SteveandMochaZ!
If you filed an extension, you have until October 15, 2024 to file and be considered “on time.” If you started your tax return in TurboTax, it will be waiting for you to finish up when you log in.
You mentioned that 2023 was the first year you’re collecting Social Security. You should have received a Form SSA 1099 that reports the benefits received and any Federal taxes withheld. Be sure to enter that information in TurboTax in the Wages and Income section.
As long as you filed an extension, you won’t owe late filing penalties. Remember, the extension is an extension to file, but not an extension to pay. If you have a refund when you finish the return, you shouldn't owe any late payment penalties. If the return shows a balance due, the IRS will charge late payment penalties of 0.5% per month.
Thanks for participating in our Ask the Expert Event!
Kimberly, CPA for over 30 years
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
