As the April 15 tax deadline approaches, experts urge individuals who have yet to file to act promptly. Certified Public Accountant Lee Eddleman recommends considering a tax extension to avoid penalties related to late filing. He warns that failing to file an extension while owing taxes could result in both 'failure to file' and 'failure to pay' penalties. While not everyone is obligated to file a federal tax return, neglecting to do so may prevent individuals from receiving refunds. Taxpayers are advised to research eligible deductions and gather necessary documents, such as W-2 forms and paycheck stubs, before filing. Seniors aged 65 and older may also qualify for an additional deduction of up to $6,000. For those with simpler tax situations, filing online is a quick option, but individuals with more complex finances should consider consulting a tax professional for personalized assistance. Some taxpayers may receive refunds as soon as the following week if they file promptly.