Can I e-file my federal form 1040 today in February but not pay the balance due until April 10th without interest or penalty solely as a result of this delayed payment?
- posted
2 years ago
OT: Income Tax Filing But With Delayed Payment-- Question
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- posted
2 years ago
Yes, you can select the date for payment.
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2 years ago
Don't know about the USA, but I can do my tax filing any time and payment is not due until the due date.
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2 years ago
Same here. I paid mine 10 days after I filed but it was only $80. Interest is 0.01 so no benefit to wait and keep the money in my account. Done and out of the way.
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2 years ago
No interest until the deadline / due date. (at least here)
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2 years ago
I meant the interest leaving it in my account. $80 would not net me a penny if I waited. If you go beyond tax day you do pay penalty and interest.
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2 years ago
Why would anyone want to file the return, but not pay until the April deadline, as opposed to just filing and paying later at the same time? Only reason I can see would be if you need to use the tax return for some other purpose, eg some bank issuing a loan wants a copy of your 2021 return.