Tax Extension Deadline (Oct 15): What Last-Minute Filers Should Know

If you filed an extension back in April, the final deadline is here: October 15. This is the last chance to file your 2024 tax return without incurring additional penalties.

⏰Who Needs to File?

Anyone who requested a six-month extension in April must file by this date. Remember, the extension was for filing paperwork, not for paying taxes—you should have already paid your estimated liability.

⚠️What Happens If You Miss the Deadline?

The IRS imposes both late filing and late payment penalties. Missing October 15 can significantly increase your tax bill.

✅Tips for Last-Minute Filers

• Double-check deductions and credits—don’t leave money on the table.

• Make sure to include all W-2s, 1099s, and foreign account reporting forms if required.

• File electronically if possible—it’s faster and more accurate.

😌Don’t Panic

Even if you can’t pay in full, filing the return on time reduces penalties. The IRS offers payment plans and options to spread out what you owe.

If you’re scrambling to finish your return, reach out to Be Well & Co. today. We can help ensure everything is filed correctly and on time.

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This reminder is provided for educational purposes only and does not constitute financial, legal, or tax advice. Please consult with a qualified professional about your specific situation.

Written by Courtney A. Mallow, IRS-Registered Tax Preparer, Certified Fraud Examiner (CFE), Certified Personal Financial Wellness Consultant℠, and Founder of Be Well & Co. Financial Consulting. Courtney helps self-employed individuals, people living abroad, and global professionals align their money with their values.