IRS to give automatic tax penalty relief to eligible Americans, starting this summer. This is a major win for everyone, experts say.
A new Automatic Exemption from Penalty process aims to provide relief for taxpayers with a history of usually filing and ...
"Taxpayers who historically pay on time should not have to make a formal request for relief," the Internal Revenue Service says.
The new process will replace First Time Abate and allow the IRS to provide certain penalty relief during return processing without requiring taxpayers to ask for it.
Tens of millions of taxpayers who were penalized by the IRS during the COVID-19 pandemic for failing to pay their taxes or ...
Millions of Americans could claim IRS refunds for COVID-era tax penalties. Learn who qualifies, how to file Form 843, and the ...
The federal tax deadline for 2025 returns is Wednesday, April 15, 2026. Taxpayers who miss the deadline without an extension may face penalties and interest. An extension to file until October 15 can ...
Kathryn Flynn is a finance writer and editor for 529 plans, student loans, budgeting, investing, tax planning, and insurance. Vikki Velasquez is a researcher and writer who has managed, coordinated, ...