Tax extension deadline expires Tuesday

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Courtesy: Lorena Esparza, MGN

LEXINGTON, Ky. (WTVQ) – Tuesday is the extension deadline for 2018 tax filings.

If you’re one of 15 million people who haven’t paid the Internal Revenue Service, IRS, everything you owe in taxes for last year, your “Get out of jail free” card will stop working.

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You won’t literally go to jail, but you will likely have to pay big penalty fees.

For those who still can’t pay, the IRS will work out payment plans.

A few special exceptions exist for certain situations, like people who have dealt with natural disasters.

The first time penalty abatement program also helps some taxpayers who don’t have histories of paying late.