Time’s up for millions of Americans: The final deadline to file your 2022 taxes is approaching quickly.
Millions of people file every year for an automatic tax-filing extension beyond the original April deadline. By mid-May, more than 142 million taxpayers had filed returns, according to the IRS. But the agency expected about 168 million returns, which means more than 25 million taxpayers were waiting beyond the April 18 deadline to file.
Now, there’s no more procrastinating. The final deadline to file your tax return is Monday, October 16. If you don’t meet it, expect to start accumulating hefty penalties. The late-filing penalty “can be 10 times as costly as the penalty for not paying,” the IRS said.
Medora Lee | USA TODAY