The IRS screwed up, so you have extra time to file your taxes



Myles Ma

Myles Ma

Senior Managing Editor

Myles Ma is a health care expert & personal finance writer for Policygenius. He edits the Easy Money newsletter.

Published April 18, 2018|2 min read

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Tuesday morning was the last day to file 2017 tax returns. It was not an ideal day for IRS computer systems to crash, so of course, they did, delaying the returns of millions of procrastinators. Luckily, the agency said taxpayers would have an extra day to file.

The new deadline is midnight Wednesday. The last day to file taxes is known as Tax Day, and is typically the busiest day of the year for the IRS. The agency repaired the system outage Wednesday morning, clearing the way for 14 million last-minute tax submissions (that's a lot of procrastinators).

If you're still procrastinating

If you STILL have not filed your taxes, first of all, WHAT ARE YOU DOING? Second, we put together a crib sheet for filing last-minute. Get all the paperwork you need, including W-2s, 1099s and 1098s. And even though you have just a few hours, don't rush. The IRS frowns on mistakes.

If you don't think you can get your taxes done, you can file for an extension. Just remember: You still have to pay any money you owe by midnight, even if you do this. An extension can help you avoid a penalty for filing late, which can be as high as 25% on top of what you owe in taxes.

Read more about what happens if you don't file taxes.

For next year

Don't wait until the last minute to file your taxes. You should have all the forms you need by late January, and certainly by the end of February. There's no need to wait until the very last day.

You don't have to feel overwhelmed. There's plenty of advice for tax filers on the web, including our giant guide here. As you can see, there's a ton of stuff to consider, but leaving it all until the last minute doesn't help.

Image: Tempura