The deadline to file your 2025 federal income tax return is April 15, 2026. This date applies to most individual taxpayers for reporting income earned in the 2025 calendar year. An extension can be filed to extend the deadline to October 15, 2026, but any taxes owed must still be paid by April 15, 2026.
Each year, payment for taxes you owe is due by the filing deadline even if you get a filing extension. The filing deadline for 2025 tax returns is April 15, 2026.
If you don't file your tax return by the October 15 extension deadline, the IRS charges a failure-to-file penalty of 5% per month (up to 25%) on unpaid taxes, plus a failure-to-pay penalty (0.5% per month), and interest on the total amount due, potentially leading to significant costs, though you can request penalty abatement for reasonable cause, and if you're owed a refund, you generally won't face penalties but risk losing your refund if you wait too long (usually over 3 years).
Yes, the IRS is accepting e-file returns now for the 2025 tax year, with individual returns officially opening on January 26, 2026, though some early options like IRS Free File Guided Software allowed taxpayers to prepare and hold returns starting January 9, 2026, and Free File Fillable Forms opened Jan 26. However, returns including Form 4136 (Credit for Federal Tax Paid on Fuels) have a delayed acceptance date of February 15, 2026.
The due date for filing of Income Tax Returns (ITRs) for AY 2025-26, originally due on 31st July 2025, was extended to 15th September 2025. The Central Board of Direct Taxes has decided to further extend the due date for filing these ITRs for AY 2025-26 from 15th September, 2025 to 16th September, 2025.
If you need more time to file your taxes, request an extension by the April tax filing due date. This gives you until October 15 to file without penalties. Make sure you pay any tax you owe by the April filing date. The extension is only for filing your return.
The penalty for late filing of ITR is Rs. 1,000 for income up to Rs. 5 lakhs and Rs. 5,000 for higher incomes, plus 1% monthly interest on unpaid tax.
You can start filing your 2025 taxes electronically on Monday, January 26, 2026, the official opening day for the 2026 tax season, but it's best to wait until you have all your tax documents (W-2s, 1099s) and forms are finalized for the best experience, typically by late January. The deadline to file is April 15, 2026, for most people, and you can use IRS.gov tools and resources to prepare now.
What is due by October 15 this year? IRS income tax return: Your IRS taxes for the year can no longer be e-filed after this date. A tax extension could reduce your penalties if you filed one by April 15. Estimate potential late payment penalties here; file even if you can't pay and see tips on paying taxes.
If you owe tax and don't file on time (with extensions), there's also a penalty for not filing on time. The failure-to-file penalty is usually five percent of the tax owed for each month, or part of a month, that your return is late, up to a maximum of 25%.
The 'Failure to Lodge on Time' (FTL) Penalty
This penalty is not a flat fee; it is calculated using a system of 'penalty units' that increase every 28 days your return is overdue.
If you don't file by April 15 and owe taxes, the IRS charges penalties for both failure to file (5% per month, max 25%) and failure to pay (0.5% per month, max 25%), plus interest on unpaid amounts, which can add up quickly. However, if you're due a refund, there's no penalty for filing late, but you risk losing your refund if you wait too long (typically 3 years). Filing late and paying late is costly, so it's best to file ASAP, even if you can't pay, and explore payment options.
Yes! You can still file your taxes for 2025, but you may not be able to avoid penalties. If you're getting a tax refund, you won't have to worry about being charged any penalties or interest. If you owe taxes, the two penalties mentioned above may apply.
Since the IRS typically begins accepting tax returns in January, early tax filing can mean that you're filing your taxes any time between early January and late March. For 2025 individual tax returns filed in 2026, the IRS will begin accepting returns January 26, 2026.
You likely received $1400 from the IRS today as a supplemental payment for the 2021 Economic Impact Payment (EIP3), specifically the Recovery Rebate Credit, for people who missed it by not claiming it or leaving it blank on their 2021 tax return. These are "plus-up" payments for those eligible for the third stimulus but didn't get the full amount, often for dependents or due to income changes, with a deadline to claim it by April 2025 by filing a 2021 return if you hadn't already.
The IRS states that 9 out of 10 refunds are processed within 21 days from the date the return is accepted.
When to expect your refund. Processing your refund usually takes: Up to 21 days for an e-filed return. 6 weeks or more for returns sent by mail.
The due date for filing of Income Tax Returns (ITRs) for AY 2025-26, originally due on 31st July 2025, was extended to 15th September 2025. The Central Board of Direct Taxes has decided to further extend the due date for filing these ITRs for AY 2025-26 from 15th September, 2025 to 16th September, 2025.
ITR (Income Tax Return) filing is the annual procedure during which individuals and organizations disclose their income, deductions, and tax obligations to the government. Taxpayers furnish a comprehensive report outlining their income origins and tax payments to tax authorities.
Penalty - 20% of tax involved is charged. Offence - Failure to file annual returns by the due date. Penalty - Additional tax equal to 5% of the normal tax, or Ksh. 10,000 in for Non-Individual Taxpayers.