Tax Calendars and
Tax Due Dates
Tax Due Date
Calendars
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One way to save taxes is to avoid
penalties and interest charges for
failing to file a return or for filing
it late.
Fiscal-year taxpayers. If you file your
income tax return for a fiscal year
rather than the calendar year, the
filing dates may be different.
The Revenue Act
provides penalty and interest if a
taxpayer fails to pay a tax within the
time specified.
Penalty is 5 percent of the total unpaid
tax due for the first two months. After
two months, 5% of the unpaid tax amount
is assessed each month. The maximum late
penalty is equal to 25% of the unpaid
tax owed.
Interest is calculated by multiplying
the current interest rate.
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