Is there a penalty for filing state taxes late?

Yes, there is a penalty for filing state taxes late in Utah. If you fail to file your state taxes by the due date, which is typically April 15th, a penalty of 2% per month or part of a month can be charged on the unpaid tax amount. This penalty can go up to a maximum of 20% of the unpaid tax. Additionally, interest may also be charged on the outstanding tax balance. It is important to note that if you cannot file your state taxes by the deadline, you can request an extension to avoid penalties. However, an extension only provides additional time to file, not to pay any outstanding tax due. It is always best to file and pay your state taxes on time to avoid these penalties.