⚠️ IRS Penalty Calculator

Calculate potential penalties for late filing, late payment, or underpayment

📋 Penalty Type
📄
Late Filing
Filed after April deadline
💳
Late Payment
Paid after April deadline
📉
Underpayment
Insufficient quarterly payments
⚡
Combined
Multiple penalties
⚡ Quick Scenarios
📝 Your Tax Details
Total Estimated Penalty
$0
Based on current IRS rates
Failure to File
$0
Failure to Pay
$0
Interest
$0
Days Late
0
📊 Penalty Calculation Breakdown
Component Rate Period Amount

📅 Penalty Timeline

Apr 15
Due Date
--
Filed
--
Paid
📈 IRS Penalty Rates
📄

Failure to File Penalty

5% per month (or part of month), up to 25% maximum

5%/mo
💳

Failure to Pay Penalty

0.5% per month (or part of month), up to 25% maximum

0.5%/mo
📊

Interest Rate (2025)

Federal short-term rate + 3%, compounded daily

8%/yr

⚠️ Important: Penalty Reduction

If you file your return but don't pay, the failure-to-file penalty is reduced by the failure-to-pay penalty amount. The combined penalty is 5% per month (4.5% file + 0.5% pay) for the first 5 months.

🆘 Penalty Relief Options

🎁 First-Time Penalty Abatement

If you have a clean compliance history for the past 3 years, the IRS may waive failure-to-file and failure-to-pay penalties. Call the IRS or submit Form 843.

🏥 Reasonable Cause

Natural disasters, serious illness, death in family, or inability to obtain records may qualify for penalty relief. Document everything.

💳 Installment Agreement

Can't pay in full? Set up a payment plan. The failure-to-pay penalty drops to 0.25% per month while you're on an approved plan.

📄 Offer in Compromise

In some cases, the IRS may accept less than the full amount owed if you can prove inability to pay.