Taxpayers have until Wednesday, April 15, 2026, to file their 2025 tax returns and pay any tax due.
April 15, 2026, is the deadline for 2025 tax returns for individuals. The due date for filing your federal income tax return is typically April 15 if you're a calendar year filer, unless this day falls on a weekend or holiday, in which case the deadline is moved to the next business day.
FBR has extended the deadline for filing of Income Tax Returns for Tax Year 2025 till October 31, 2025. This decision has been made under Section 214A of the Income Tax Ordinance, 2001. The extension in the deadline has been granted in response to requests made by various trade bodies and tax bar associations.
If you file taxes after the October 15 extension deadline, the IRS will assess penalties and interest, primarily a failure-to-file penalty (5% per month, max 25%), plus a separate failure-to-pay penalty (0.5% per month) and daily interest on the unpaid taxes, though you can request penalty abatement for reasonable cause like natural disasters. The October deadline is for filing, not paying; if you owe, payment was due in April, so you'll likely face both penalties and interest until you file and pay, but you won't be penalized if you're due a refund.
The deadline for submitting revised and belated income tax return for FY 2024-25 (AY 2025-26) was December 31, 2025. If you had filed an income tax return on or before September 16, 2025, you had the option to file a revised ITR.
Common ITR Filing Mistake 1: Missing the Filing Deadline
The most avoidable mistake is missing the due date. For most individual taxpayers, the deadline for FY 2024-25 is 15th September 2025 (extended from July 31).
File Form 4868 by the due date of your Form 1040, 1040-SR, 1040-NR, or 1040-SS. For a 2025 calendar year return, this is April 15, 2026, for most people. Fiscal year taxpayers file Form 4868 by the due date of the fiscal year return.
But here's generally what you can expect. No penalty if you're getting a tax refund. However, you must file your 2025 taxes by April 15, 2029 (or October 15, 2029 if you filed an extension). After that, any unclaimed tax refund gets turned over to the US Treasury.
Americans living overseas receive an automatic two-month extension to file their Federal Tax Return. This moves the expat tax deadline to June 15. If necessary, you can request a further extension to October 15 or December 15.
Below is a summary of the key updates: Old deadline: September 30, 2025. New deadline: October 31, 2025.
The Central Board of Direct Taxes (CBDT) has extended the deadline for filing Income Tax Returns for individuals who were earlier required to file by 31 July 2025. The revised deadline is now 16 September 2025.
The 2025 tax return deadline is 31 October 2025; finish yours now.
You might have to pay IRS penalties and interest if you file your federal income tax return after the April deadline, your due date isn't extended, and you end up with a tax bill. First, the IRS charges a 5% penalty per month on any tax due if your return is filed late. The penalty is capped at 25% of the tax owed.
The deadline for filing a belated return is December 31 of the assessment year concerned. For example, let's say you did not file your Income Tax Returns for the financial year 2022-23. The due date for filing the original ITR is July 31, 2023.
If you didn't account for each job across your W-4s, you may not have withheld enough, so your tax refund could be less than expected in 2026. Or, if you had a salary increase in 2025 but didn't update your tax withholding accordingly, you could receive a smaller refund.
The most common penalty is the failure-to-file penalty, which is 5% of the unpaid taxes for each month the return is late, up to a maximum of 25%. However, many US expats owe no US tax due to the Foreign Earned Income Exclusion (FEIE) or Foreign Tax Credit (FTC), so this penalty might not apply.
You'll need to either lodge an tax return, or a 'Return Not Necessary' form for the year in question. It's easy to assume that you don't need to do anything whilst you're living and working overseas as an expat however nothing could be further from the truth!
You generally don't have to file U.S. federal taxes if your income falls below the standard deduction for your filing status (e.g., single, married) and age, but you might still need to if you have self-employment income over $400, certain investment income, or received Social Security benefits that become taxable due to other income. Even if not required, filing is smart to claim refundable credits or get refunds, but some people, like certain low-income seniors or those with only non-taxable income, are typically exempt.
The IRS should start processing 2025 tax returns in late January 2026. How early can I file my taxes? You can file 2025 taxes as soon as you receive your 2025 tax documents such as a W-2 or 1099 Form, typically in late January 2026.
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.
Penalty for Late Filing of ITR for FY 2024-25 (AY 2025-26) The last date to file your Income Tax Return (ITR) for Financial Year 2024–25 (Assessment Year 2025–26) is 16 September 2025. If you miss this deadline, a late filing fee of Rs. 5,000 will apply.
If the total income of the person is less than Rs.5 lakh, then the fee payable is Rs.1,000. The due date for the return filing of domestic companies for FY 2025-26 is 31st October 2026 (31st Oct, 2025 for FY 2024-25).
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.
There is no penalty for filing a tax extension. However, not paying on time or enough, or failing to file altogether, may cost you. If you don't pay the full amount you owe (i.e., your tax liability), the IRS will charge you interest on the unpaid tax balance until you pay the full amount.