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A government shutdown can create uncertainty, especially if you filed a tax extension for tax year 2024. If you’re wondering how it might impact your tax return, here are the answers you need.
Key takeaways:
- File by the deadline: The extended tax deadline of Oct. 15 is still in effect for tax year 2024.
- E-file for speed: The IRS continues to process e-filed returns and issue direct deposit refunds.
Should I still file my 2024 taxes by the extension deadline?
Yes. The Oct. 15 deadline still applies, and you should file by this date to avoid potential late-filing penalties. The only exception is if you’ve been granted a specific extension due to a recent federally declared disaster.
E-filing is the fastest way to get your return processed, and you’ll receive an electronic confirmation once your return is accepted by the IRS.
Related: IRS extends deadlines for taxpayers impacted by L.A. wildfires
Will the shutdown delay my tax return or refund?
According to the IRS, processing for most returns and refunds will continue as usual. If you e-file and choose direct deposit for your refund, the IRS will process your return and issue your payment as they usually do.
I have to file by mail. Will my return still be considered on time?
Yes, it will be considered “filed on time” as long as it is postmarked by the Oct. 15 deadline.
Can I file late without penalty because of the shutdown?
No. The IRS still expects you to file by the Oct. 15 extension deadline to avoid late-filing penalties. This deadline is firm unless you have been granted a specific extension for disaster relief.
What if I owe taxes?
You should still pay the amount you owe by the deadline. Electronic payments submitted with your e-filed return will be processed and posted to your account as usual.
What if I need to contact the IRS?
During a government shutdown, live phone support and other in-person IRS services may be unavailable or have longer-than-normal wait times. For specific tax questions, TurboTax Live experts are available to provide help and guidance year-round.
Will I still get my Social Security check?
Yes. Social Security is considered a mandatory program, so payments will continue to be sent out. Other federal benefits, like Medicare and Veterans’ benefits, will also continue.