Irs Tax Extension To Pay

Filing for an Extension: What You Need to Know

IRS Extension Deadline

The Internal Revenue Service (IRS) offers an automatic extension of time to file your income taxes. This extension grants you an additional six months to file your return, pushing the deadline from April 15 to October 15.

Pay Your Taxes on Time

While an extension gives you more time to file, it does not extend the deadline for paying your taxes. You are still required to estimate and pay any taxes you owe by April 15 to avoid penalties.

Requesting an Extension

You can request an extension by filing Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. This form can be found on the IRS website or obtained from a tax professional.

IRS Free File

The IRS also offers a free service called IRS Free File, which allows you to file for an automatic extension online. This service is available to taxpayers with an adjusted gross income (AGI) of $73,000 or less.

Consequences of Not Filing an Extension

If you fail to file for an extension or pay your taxes by April 15, you may face penalties and interest charges. The IRS also has the authority to levy fines for late filing and late payment.

Additional Information

For more information on filing for an extension, you can visit the IRS website at IRS.gov. You can also contact the IRS at 1-800-829-1040 for assistance.