nida-wna
New Member

I am filing late, is there any penalty?

 

Get your taxes done using TurboTax

Not if you are getting a refund.

Get your taxes done using TurboTax

But filing late could make you ineligible for some elections on the tax return.

Get your taxes done using TurboTax

If you are getting a refund there is not a penalty for missing the deadline.  If you owe tax due, however, you are subject to a late filing penalty and interest which will be based on how much you owe and when you file your return and pay.  TurboTax will not calculate that. The IRS will calculate it and bill you.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**