Can I file my taxes and pay later?

[xmasbaby0]

Pay what later?  Your TurboTax fees or your federal or state tax due?

https://ttlc.intuit.com/community/payments/help/what-forms-of-payment-does-turbotax-online-accept/00...

If you owe tax due, you have to pay it yourself by the filing deadline on April 15, 2025.

 If you have federal tax due you can pay by mailing your payment with the 1040V voucher, (which has the address printed on it, having the payment taken out of a designated bank account, or you can pay directly on the IRS website. 

https://www.irs.gov/payments

https://ttlc.intuit.com/community/tax-payments/help/how-can-i-pay-my-federal-taxes/00/26212

https://ttlc.intuit.com/community/tax-payments/help/how-do-i-pay-my-irs-tax-due-with-a-check-or-mone... 

To apply for a payment plan with the IRS

Apply Online for a Payment Plan

You must pay your state tax due using the state’s preferred method of receiving payment.  For most states that will be by making a payment to the state’s own tax website, or by mailing a check or money order.

https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-rev...

WHAT IF I CANNOT PAY MY TAX DUE?

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-payments/pay-taxes/L8aQBCpPO_US_en_U...

[Opus 17]

If you owe tax but don't want to pay, you would select "I will pay by check" in turbotax instead of using direct bank debit or a credit card.  Then it would be up to you to pay your taxes, either by mailing a check to the IRS or state tax office, or by going to their web site and making an electronic payment.  Note that you will be charged a late payment penalty plus interest of about 1.5% per month, back-dated to April 15.  If it will take longer than 4 months to pay off the debt, it may be worth requesting a payment plan. That reduces (but does not eliminate) the penalty and interest.   There is usually a non-refundable setup fee. 

https://www.irs.gov/payments/payment-plans-installment-agreements

[Mike9241]

if you did not file a valid extension by now you have incurred a (5% a month for a maximum of 5 months) 25% IRS penalty for late filing (failure-to--file-penalty) + interest this is in addition to the late payment penalties and interest, so it behooves you that pay ASAP. States also have late filing and payment penalties. these penalties are generally figured on the balance due. Technically, the IRS late payment penalty of .5% a month doesn't start until the after the late-filing period ends

[Opus 17]

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@Mike9241 wrote:

if you did not file a valid extension by now you have incurred a (5% a month for a maximum of 5 months) 25% IRS penalty for late filing (failure-to--file-penalty) + interest this is in addition to the late payment penalties and interest, so it behooves you that pay ASAP. States also have late filing and payment penalties. these penalties are generally figured on the balance due. Technically, the IRS late payment penalty of .5% a month doesn't start until the after the late-filing period ends

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We should clarify there are two "costs" involved.

1. Late filing.  If you owe taxes, file late, and did not get an extension, the late filing penalty is 5% per month of the amount you owe, for the first 5 months, and the 0.5% of the amount you owe after that.  

2. Late payment.   If you owe taxes and pay after the April 15 deadline, you will be assessed a late payment penalty of 0.5% per month plus interest at about 8% APR, except that the 0.5% late payment penalty will not be assessed in a month where you are also assessed the full 5% late filing penalty.  The interest is back-calculated to April 15 even if you did have an extension of the filing deadline.

So if you didn't get an extension, you will likely be billed for about 30% extra in penalties and interest at this point, plus a further 1% per month (approximately) going forward until you are paid off.  If you did get an extension, you are likely to be billed for about 1% per month (combined interest and penalty) of the amount due, backdated to April 15, until you pay it off.