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What to do if you missed the (second) tax deadline

By Shawn Carter

The deadline for an extension was April 18 and, if you asked for one, you’ll have until Oct. 15 to file your taxes, the IRS notes. An extension to file, however, generally is not an extension to pay. You must have already paid what you owe by the deadline to avoid a late fee.

If you didn’t file for an extension, however, there are no penalties for filing late if you’re owed a refund. “There is no immediate sense of urgency,” Eric Bronnenkant, Head of Tax at Betterment, tells CNBC Make It, because “there is no interest or late-payment penalties.”

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This article originally published April 19th, 2018 on CNBC