What if I don't pay my taxes before the deadline?
1.6k views | Last modified 6/23/2020 8:13:58 AM EST

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A tax extension extends the amount of time to file a tax return and not the amount of time to pay any taxes due. The IRS will still expect the tax payment on the traditional deadline. However, the IRS Penalties for a failure to pay are significantly lower than the penalties for a failure to file. If you are short on cash, it is better to pay what you can & file the Tax extension before the deadline.

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