IRS: Oct. 15 tax extension deadline stands
Despite the federal government shutdown, the IRS says taxpayers who requested extensions must file 2024 returns by 11:59 p.m. local time on Wednesday, Oct. 15, and normal tax obligations remain in effect. The agency outlines penalties for late filing, notes disaster-related extensions to Nov. 3 for all Arkansas and Tennessee residents and parts of Kentucky and West Virginia, and confirms essential processing continues even as many IRS operations are furloughed.
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Finance
📌 Key Facts
- IRS spokesman: shutdown "does not change" federal income tax responsibilities; extension filers must submit by Oct. 15 at 11:59 p.m. local time.
- About 20 million taxpayers (≈13%) typically file with an extension; extensions don’t extend April 15 payment due date.
- Disaster relief: all Arkansas and Tennessee residents, and Kentucky plus parts of West Virginia, have until Nov. 3 to file.
- Late-filing penalty is 5% of the amount due per month (or part) up to 25%; possible waiver for reasonable cause; no penalty if due a refund.