Just in case you forgot…. Or are procrastinating, today is the day when your income tax returns are due.
But if you haven’t filed your forms… you have lots of company! An estimated 50-million people have yet to file.
If you don’t file, you can face a “failure-to-file penalty.” The penalty is 5% of your unpaid taxes for each month your tax return is late, up to 25%. The penalty starts accruing the day after the tax deadline.
