5 ms·

Is non-payment cheaper than donations?

• lesuorac 2y ago
  No. Taxes are in hindsight so you've already made whatever donations you did by the time you paid taxes. Donations either lower your tax bill or have no effect on it. So, by not filling taxes (_and getting caught_) you're just increasing your tax bill.
  • abeyer 2y ago
    Unless of course you're owed a refund, in which case they'll hold your money and pay you interest on it (at least for a few years.) ...but then tax you on the interest they paid you if you claim it.
    • froindt 2y ago
      My understanding was they don't pay interest on tax refunds, but you pay interest on unpaid tax liabilities. Do you have a source handy? My Google-fu is failing and only bringing up interest on unpaid taxes.
      • tarlinian 2y ago
        If the refund is paid in less than 45 days after the tax filing deadline or the day you file your taxes, they will pay you interest. See here: https://www.irs.gov/payments/interest#pay https://www.irs.gov/payments/interest#pay
      • Rebelgecko 2y ago
        Within the last few years I got a couple hundred bonus bucks back from the IRS as interest. Might've been a year where they were overhelmed and took significantly longer to cut the check that usual