Also question is, what happens if you file taxes after April 15?
If you owe taxes, filing late can really cost you.
The penalty for filing past the deadline is 5% of your unpaid taxes for every month you don't file, capped at 25% of owed taxes. If you file more than 60 days late, you will pay a penalty of whichever amount is smaller: $435 or 100% of your owed taxes.
Beside above, can you still get your tax refund after April 15? You will get an interest payment either directly deposited into your account or by paper check from the IRS for your late tax return if you: Filed a 2019 return by this year's postponed deadline and received a tax refund after April 15. Filed a 2019 return by this year's postponed deadline and expect a refund soon.
Likewise, do I have to pay taxes owed by April 15?
The 2019 income tax filing and payment deadlines for all taxpayers who file and pay their Federal income taxes on April 15, 2020, are automatically extended until July 15, 2020. You will automatically avoid interest and penalties on the taxes paid by July 15.
What happens if you don't file taxes and you don't owe money?
If you don't file, you could face a failure-to-file penalty. The penalty is 5% of your unpaid taxes for each month your tax return is late, up to five months.