Wabash County Sets Delinquent Tax Payment Deadline
Wabash County Sets Delinquent Tax Payment Deadline

Wabash County Sets Delinquent Tax Payment Deadline

News summary

With the 2025 IRS tax season officially closed, individuals who missed the April 15 filing deadline may face accumulating penalties and interest, but taking prompt action by filing as soon as possible can help minimize these charges. The IRS no longer accepts extension applications post-deadline, though many states and overseas filers may have received special extensions. Taxpayers are advised to file even if they cannot immediately pay their full tax liability, as penalties for late filing are generally higher than for late payment. Practical ways to reduce future tax burdens include making estimated payments throughout the year and contributing to traditional IRAs, which can lower taxable income. Meanwhile, the IRS is undergoing major changes, with increased funding, new enforcement staff, and the use of artificial intelligence to detect noncompliance, signaling a period of heightened scrutiny for taxpayers. Tax experts emphasize that now is the time to act proactively, as enforcement is rising and hardship programs remain available for those who qualify.

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