Last-Minute Tax Day Filing


MoneyTips

Waiting until the last minute to pay your taxes can cost you if you are expecting a refund, since the government hangs on to your money and receives more interest on it. However, if you owe money to the government, that same principle applies to you. Why not wait until the last minute?

There is no reason not to, as long as your return is postmarked or electronically submitted by April 15th, 2019, and your payments are submitted then as well. Extending your deadline to file does not extend your payment time. You are expected to pay the amount you owe, or your best estimate, by the April 15th deadline.

“Filing for an extension doesn’t get you an extension to pay,” confirms Betterment Head of Tax Eric Bronnenkant. “Let’s say you don’t pay by April 15th, well then you’re still going to have to pay inter…

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