The tax extension deadline has arrived and there are options if you still can't pay your balance, tax experts say.
About 19 million U.S. taxpayers filed for an extension by the April 15 tax deadline, which bumped the filing due date to Oct. 15.
However, for federally declared disasters after April 15, filers were not granted more time to pay their tax bill.
Penalties and interest on unpaid balances started accruing after the April 15 deadline.
If you missed the tax deadline, the late payment penalty is 0.5% of your unpaid balance per month or partial month, capped at 25%.
Persons:
filers, Josh Youngblood
Organizations:
Finance, Youngblood
Locations:
Dallas