@collectivedotcom: Tomorrow is the big day, and if you’re self-employed, "Tax Day" means more than just filing a return Here is your checklist to avoid those IRS penalties: 1️⃣ File or Extend 2025: If you aren’t ready, file Form 4868 by midnight tomorrow. It stops the 5% "failure-to-file" penalty, which is much pricier than the late payment fee! And remember, you may need to file state return extensions as well 2️⃣ Pay 2026 Q1 Estimates: Even if you extend your 2025 return, your FIRST estimated tax payment for 2026 is due tomorrow 3️⃣ Top off your 2025 IRA: You have until tomorrow to maximize your 2025 contributions ($7k or $8k if 50+). This is one of the best ways to lower your taxable income! #tax #business #entrepreneur #finance

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