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What are the interest penalties for unpaid taxes beyond my tax extension deadline?

April 26, 2017Deadline extension penalties tax taxes unpaid

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What are the interest penalties for unpaid taxes beyond my tax extension deadline?

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The interest rate varies slightly, but is traditionally around 5% per year. For Example, if you owe $2,000 of taxes due April 15, you will be charged roughly $8 per month in interest while the balance is outstanding.

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The interest rate varies slightly, but is traditionally around 5% per year. For example, if you owe $2,000 of taxes due April 18th, you will be charged roughly $8 per month in interest while the balance is outstanding. Read more about penalties and interest.