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IRS Rolls Out Automatic First-Time Penalty Relief
News July 09, 2026 at 04:20 PM
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What You Need To Know
- Taxpayers who have filed and paid on time for at least the past three years can soon expect automatic penalty relief if they fail to file, pay or make a deposit.
- The new Automatic Exemption from Penalty will replace First Time Abate, which requires taxpayers to request relief.
- Some qualifying taxpayers may still receive penalty notices for tax year 2025 and 2026 quarterly returns.
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