For taxes, a fine charged by the IRS for paying or filing your taxes late. You may be charged interest in addition to penalties. Tax penalties are not deductible.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). penalty. Retrieved September 25, 2026, from http://smartdefine.org/penalty/definitions/1160369 |
| Chicago | Barry Goldsmith. 2010. "penalty" http://smartdefine.org/penalty/definitions/1160369 (accessed September 25, 2026). |
| Harvard | Barry Goldsmith 2010, penalty, Smart Define, viewed 25 September, 2026, <http://smartdefine.org/penalty/definitions/1160369>. |
| MLA | Barry Goldsmith. "penalty" 21 October 2010. Web. 25 September 2026. <http://smartdefine.org/penalty/definitions/1160369> |