Money Monday: Filing late tax returns

Money Monday: Filing late taxes

The 2021 tax season officially ended on May 17 -- so if you missed the tax filing deadline, what do you do?

If you don’t owe money to the IRS, there is no penalty for filing your taxes late. If you do owe money to the IRS, your debt is now subject to penalties and interest.

Watch the video above to learn more.

Read more from the IRS: Filing past due tax returns

More: Money Monday section

About the Author:

Rod Meloni is an Emmy Award-winning Business Editor on Local 4 News and a Certified Financial Planner™ Professional.