Taxes are one of the things that you cannot avoid as a citizen of the United States, as Americans make many payments to the IRS throughout the year. However, the IRS Tax Refund allows us to recover some of those taxes on occasion. However, if we do not do things correctly, we will be unable to recover this money, will miss out on an opportunity, and will be required to pay fines.
The tax season for 2025 finishes on April 15th, 2025. As a result, if we have not yet sent the documents for the 2024 payments, we may face these issues. It is not advisable to ignore this issue, as it may have a negative impact on our economy.
Furthermore, if we meet the qualifying requirements, the IRS will issue us a Tax Refund, which implies we may receive a stimulus cheque in the form of a variable amount based on our annual income. In any event, it is always advantageous to send the Tax Return, and it is also obligatory.
When can I send my tax return to the IRS?
The deadline to deliver this documentation is April 15th. Even so, you still have time to complete it because the IRS Tax Season runs until tomorrow. In this regard, it is advisable to transmit all documentation electronically or to request an extension if you anticipate that you will not have enough time to send the documents.
Similarly, if we send the Tax Return documents to the IRS after April 15th, we may still be eligible for a tax refund, but we may be required to pay a penalty. We must remember that the payments of the stimulus checks for the Tax Refund arrive a few days after all of the documentation is completed, so it is not an immediate process.
Requesting a time extension for Tax Season provides you with an additional 6 months, however this extension is not guaranteed. We must be eligible to be able to deliver the documents later, however it is compulsory to pay all taxes before the deadline.
! Your March Disability Payment May Be Gone. Find Out Why NOWComplying with the Tax Return obligation and paying taxes are two distinct things. Payment of taxes to the IRS is required even if an extension is requested, so do it as soon as possible to avoid a penalty.