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The Economic Times

Economy / The Economic Times

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The $1,250 tax mistake you cant afford to make this month - check before you file

Missing the tax deadline can lead to extra costs. Late filing penalties grow every month and can reach a high amount. Late payment charges and interest also increase the total bill. Filing on time helps reduce damage even if you cannot pay fully. Extensions and payment plans are available, but taxes may still be due. Checking before filing can save money.

8 Apr 2026 6:54 pm