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ray1893
New Member

Hi, can anyone tell me why I would be charged a penalty/interest payment for my return?

I do owe for taxes this year, but didn’t think I would be penalized for paying on time.
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3 Replies

Hi, can anyone tell me why I would be charged a penalty/interest payment for my return?

The IRS may assess a penalty if you owe more than $1,000. 

ray1893
New Member

Hi, can anyone tell me why I would be charged a penalty/interest payment for my return?

Even if I pay in full by Apr 18?

Hi, can anyone tell me why I would be charged a penalty/interest payment for my return?

Yes. The US tax system is "pay as you go."

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