Preparing the 2024 return it seems I owe $ to federal tax while I will get $ refund from state tax. I was thinking if I could receive the refund and use it to pay the federal tax.
Question-
If I file my federal and state returns by April15, can I delay paying $ to federal by, 2-3months? Doing so, will I be charged interest or late-fee penalty?
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If you are late to pay federal tax, you are subject to owing interest on the late payments.
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://ttlc.intuit.com/community/tax-payments/help/how-can-i-pay-my-federal-taxes/00/26212
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.
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