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How much are the penalties for failing to file a federal income tax return by April 15?
If you don’t file your federal income tax return by April 15, the Internal Revenue Service can impose a penalty of 5% of the net tax due per month. The maximum penalty is 25%. If the return is more than 60 days late, the penalty will not be less than the smaller of $100 or 100% of the tax due. If failure to file is fraudulent, the monthly penalty is 15% of the net tax due, with a maximum penalty of 75%. The failure to file a tax return penalty does not apply if the taxpayer has obtained proper extensions from the IRS. These penalties are in addition to penalties and interest for paying late. Return to Questions
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