It is tax filing season and many are quite worried about the deadline. Most federal tax returns for 2025 have to be filed by April 15, 2026. However, the IRS (Internal Revenue Service) is asking filers to create an online account to streamline the tax return process.
Don’t Want To Miss Your Tax Filing Deadline? Here’s What To Do
The IRS is increasingly pushing for tax filers to create Individual Online Accounts. The IRS says that the online portal will greatly protect filers from identity theft and fraud. Moreover, the IRS says that the online portal will accelerate refunds, payments, and notices. The portal also includes important tax documents that filers may require. Account holders can view refund status, payment history, and tax records within the portal. The move to online services presents a more efficient alternative to traditional paper-based correspondence, reducing dependency on mailed notices and long phone hold times.
While the April 15, 2026 deadline is fast approaching, many are curious what would happen if you miss the deadline and forget to file your taxes on time. Well, there are two ways this could go. If you are owed a refund, there is no penalty for missing the deadline. You must file within 3 years of the original deadline to claim your refund. After 3 years, the refund becomes property of the US Treasury.
Also Read: Bigger Returns In 2026: Where Is My Tax Refund?
However, if you owe taxes, miss the deadline, and fail to file, there are some heavy penalties, starting at 5% of unpaid taxes per month. The penalty maxes out at 25%. On the other hand, if you file your taxes but fail to pay, then then there is a fine of 0.5% per month of unpaid taxes, which is also capped at 25%.