How To File A Tax Extension

File for a Tax Extension: Get More Time to File Your Taxes

What You Need to Know About Tax Extensions

The Basics

Tax extensions give you more time to file your taxes beyond the usual April 15 deadline. You can file for an extension by submitting Form 4868 to the Internal Revenue Service (IRS). The extension gives you an additional six months, extending the filing deadline to October 15. However, it's important to note that the extension only applies to filing your return, not to paying any taxes you owe.

Who Can File for an Extension?

Anyone can file for a tax extension, regardless of their circumstances. However, it's important to remember that the extension only gives you more time to file your return, not to pay any taxes you owe. If you owe taxes, you should make estimated tax payments to avoid penalties and interest charges.

How to File for an Extension

Filing for a tax extension is simple. You can file Form 4868 online, by mail, or through a tax software program. When filing for an extension, you will need to provide your Social Security number, your estimated total tax liability, and a brief explanation of the reason for your request.

What Happens After You File for an Extension?

Once you file for an extension, the IRS will send you a confirmation letter. This letter will include your new filing deadline, which will be October 15. You should keep this letter for your records.

What to Do if You Can't File by the Extended Deadline

If you are unable to file by the extended deadline, you can request an additional extension. You will need to file Form 8868, which will give you an additional 30 days to file your return. However, you should note that the IRS may charge you a late filing penalty if you do not file by this second deadline.

Professional Tax Help

If you have any questions about filing for a tax extension or need help completing your tax return, you should consider seeking professional tax help. A tax professional can help you understand your tax obligations and ensure that your return is filed correctly.