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April 7, 2025
Question

File return timely but pay later?

  • April 7, 2025
  • 1 reply
  • 0 views

Preparing the 2024 return it seems I owe $ to federal tax while I will get $ refund from state tax. I was thinking if I could receive the refund and use it to pay the federal tax.

 

Question-

If I file my federal and state returns by April15, can I delay paying $ to federal by, 2-3months? Doing so, will I be charged interest or late-fee penalty?

    1 reply

    Employee
    April 7, 2025

    If you are late to pay federal tax, you are subject to owing interest on the late payments.  

    If you owe tax due, you have to pay it yourself by the filing deadline on April 15, 2025.

     

     

     If you have federal tax due you can pay by mailing your payment with the 1040V voucher, (which has the address printed on it, having the payment taken out of a designated bank account, or you can pay directly on the IRS website. 

     

    https://www.irs.gov/payments

     

     

    https://ttlc.intuit.com/community/tax-payments/help/how-can-i-pay-my-federal-taxes/00/26212

     

     

    https://ttlc.intuit.com/community/tax-payments/help/how-do-i-pay-my-irs-tax-due-with-a-check-or-money-order/00/26403 

     

     

    To apply for a payment plan with the IRS

     

    Apply Online for a Payment Plan

     

     

    You must pay your state tax due using the state’s preferred method of receiving payment.  For most states that will be by making a payment to the state’s own tax website, or by mailing a check or money order.

     

     

    https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0

     

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**