The Daily Money: File those tax returns. The deadline is Monday.

Haven't filed your tax returns yet? The deadline is Monday, and failing to turn in tax returns and any money owed to IRS on time can bring penalties. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Sunday, April 17 This is it, dear Daily Money readers: the final edition of our tax season newsletter. It's Brett Molina back to help guide you toward the home stretch. For most taxpayers, the deadline to file is April 18. Because of Patriots Day, if you live in Maine or Massachusetts, you have until April 19 to file. There are many reasons why some taxpayers wait until the last minute, said Jo Willetts, director of tax resources at Jackson Hewitt. Among them: uncertainty about timing after the tax deadlines were pushed back the last two years due to the COVID-19 pandemic, and worries about whether they'll owe money. "The most common reason for waiting is people are afraid they're going to owe and they don't know how they're going to afford it, which is just an expensive mistake," said Willetts. How expensive? It's a 5% penalty per month until you file your return, and a 0.5% monthly penalty if you have a balance due and don't pay on time. "At the government level interest is compounded daily, so that balance grows pretty fast," said Willetts. 2022 tax guide: Key dates for filing and extensions, claiming credits and planning for refunds E-file fix: IRS reject your e-file return? Zero might be the magic number. So what can you do? Taxpayers can file an extension, which gives until Oct. 15 to submit your return. However, you still need to pay at least 90% of what you think you owe by the April deadline. Taxpayers who worry about affording a big IRS bill have options such as setting up a payment plan or borrowing money through a personal loan to help pay.   Bottom line: You're better off filing now and paying what you can than being late. Your weekend tax break Guess what? Tax season is almost over. It's time to celebrate. Maybe throw yourself a party like Elon Musk's recent "Cyber Rodeo" celebration with music, robots, and a petting zoo. OK, maybe that's too far.  As always, thanks for reading. Follow Brett Molina on Twitter: @brettmolina23. When are tax returns due? These are deadlines to file Some taxpayers with complicated returns or procrastinators might wait to file their taxes. Here's what to know about the tax season deadline. You have three extra days to file taxes. Why? It's not COVID related Need more time for your taxes? How to file for an extension IRS is rejecting some e-filed returns — but there's a workaround Taxes 2022: Refunds are higher thanks to stimulus checks, tax credits How your 2021 donations could save money on taxes What is the penalty for filing taxes late if you are owed a refund? Flat tax mania: Better for taxpayers or another gift to the rich? IRS backlog and drama won't end at midnight April 18 Tax guide 2022: What to know on key filing dates, credits and refunds   FOLLOW US Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2022 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102