FAQ

How Long Can You Go Without Paying Taxes?

The answer to this question depends on a number of different factors, including the type of taxes you owe and your personal circumstances. However, generally speaking, there are certain ways to lengthen the time you have to pay your taxes without incurring any penalties.

If you’re an individual taxpayer owes federal income tax, the IRS typically gives you a grace period of 10 days to pay your taxes without penalty. After that, you’ll be charged interest on any unpaid tax balance at a rate of 0.5% per month (or 6% annually). In addition, if you file your tax return more than 60 days late, you may be subject to a failure-to-file penalty equal to 5% of your unpaid taxes

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