October 15 Tax Deadline — What Waiting Actually Costs You

Описание: If you filed an extension, your 2025 return is due October 15, 2026. There is no second extension. But the expensive mistake happened back in April.

In this video:
• Why an extension to file is not an extension to pay
• Interest at 7 percent, plus 0.5 percent per month, running since April 15
• What a $5,000 balance actually costs if you wait
• The failure to file penalty, and why it is ten times steeper
• Why filing on time without paying is still the cheapest move
• First time penalty abatement, and how to ask for it
• The FBAR deadline that falls on the same day
• What happens if you never file at all

Sources: Internal Revenue Service (irs.gov), Internal Revenue Code sections 6651 and 6601, and FinCEN (fincen.gov).

Follow for the money deadlines that actually cost you.

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Educational content only — not financial, legal, or tax advice. Figures are illustrative and depend on your situation. Voiceover produced with a synthetic voice.