New York CNN —If you haven’t filed your 2023 tax return with the IRS yet and you still owe income tax for last year, the good news is you still have time to rectify those situations before you’re penalized for failing to do so.
Some, however, get an extra day or two if they live in Maine, Massachusetts or Washington, DC, due to observed holidays.
The IRS has also given an extension to individuals and businesses affected by the October 7 terrorist attacks in Israel.
Keep in mind that this is only an extension to file your return and avoid a failure-to-file penalty.
If you don’t pay what you owe by your tax-filing deadline you will also be hit with a failure-to-pay penalty.
Persons:
Tom O’Saben, O’Saben, you’ve, ”, you’d, ” O’Saben
Organizations:
New, New York CNN, IRS, National Association of Tax
Locations:
New York, Maine , Massachusetts, Washington, DC, Israel