The caveat is that you have to file your taxes and claim those funds within three years.

Can i file my tax after deadline. You can only e-file a current year tax return between mid-January when e-file opens and mid-October when it closes the year after the tax year in question. For those charged a penalty they may contact the IRS by calling the number on their notice and explain why they couldnt file and pay on time. The same rule applies to a right to claim tax credits such as the Earned Income Credit.

Consult our free eBooks and articles. Even if you filed years later you can still file your taxes. Otherwise that money is a gift to the US.

However you can prepare a late tax return with PriorTax. You can not e-file after the deadline of October 15. There is no penalty for filing after the deadline if a refund is due.

Your refund is available three years following its due date. If you are due a refund for withholding or estimated taxes you must file your return to claim it within 3 years of the return due date. If April 15 falls on a weekend or legal holiday you have until midnight the next business.

Use electronic filing options including IRS Free File available on IRSgov through October 15 to prepare and file returns electronically. Anuncio Aggressive strategies to get your tax rate below 10. We hold income tax refunds in cases where our records show that one or more income tax returns are past due.

After that e-filing shuts down to get ready for the next tax year which means youll have to paper-file your return. And you should do this as quickly as possible to keep the penalties to a minimum. Penalties and interest only accrue on unfiled returns if taxes are not paid by April 18.