What Happens If I Owe Money on My Taxes but Don’t Pay?

Maurie Backman, The Motley Fool
What Happens If I Owe Money on My Taxes but Don’t Pay?

You're required to pay your tax bill by the filing deadline, which, this year, is July 15. For one thing, you'll be charged a late payment penalty equal to 0.5% of your unpaid taxes for each month or partial month you don't pay, up to a total of 25%.

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