Even if you cannot pay the balance due, you should still file your return by April 17, 2018 (calendar year filers). If you file your return on time, you won’t face a penalty for late filing. The late filing penalty is 5% of what you owe every month for up to five months (for a total of up to 25% of your total unpaid taxes). The Division also may charge a penalty of $100 for each month the return is late. Even though other penalties and interest
will apply, you can avoid the late filing penalty by filing on time. Keep in mind, you cannot file for an extension
of time to pay
your tax due. An extension is only valid if you have paid at least 80% of what you actually owe.
Pay What You Can
Even if you cannot pay everything, pay what you can. Then, pay the rest of your tax as soon as you can.The Division will accept a partial payment, and you will only be charged interest for the unpaid portion of your taxes.
Request a Payment Plan
After you file, review our guidelines for an installment payment plan
to see if you qualify.
The Division of Taxation has a number of programs
available to help financially distressed taxpayers meet their tax obligations.
Additionally, there may be steps you can take today that would help you minimize your future Income Tax debt