WKBT
May 7, 2021 5:27 PM Alana Benson
Posted:
Updated:
Getty Images
It’s easy for taxes to get lost in the shuffle of life during a normal year. This past year, that shuffle was intensified by the stresses of a pandemic.
Thankfully, the IRS extended the deadline for paying 2020 taxes from April 15 to May 17, so people have a bit of extra time to get their paperwork in order.
But after that extended May 17 deadline, it will be business as usual: Late filings or payments could result in penalties and/or interest. Here’s what to expect if you’re running behind, and what you can do to mitigate the damage.