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WebApr 11, 2024 · How to file a tax extension 04:45. Tax Day is fast approaching, with Americans facing an April 18 deadline to file their 2024 tax returns with the IRS. WebAn individual who is expected to owe less than $1,000 in taxes after subtracting federal income tax is exempt from quarterly tax payments. For corporations, the threshold is … WebApr 13, 2024 · The IRS charges 0.5% of the unpaid taxes for each month, with a cap of 25% of the unpaid taxes. For instance, someone who gets an extension and pays an estimated … georgetown skating club