You can enter your available financial information and let the software calculate estimated taxes owed. You can get an estimate in two different ways: If you don’t have all the information you need to calculate the taxes you owe accurately, you’ll need to make an estimated payment. Those subject to state tax must file a separate extension s for those returns.) (Note: Filing the extension form with the IRS only applies to your federal income taxes. You’ll still need to pay any taxes owed by the regular April tax filing deadline. But first, you’ll need to supply some basic identifying information plus an estimate of your tax liability for the year.Ī tax extension extends the deadline to file your complete d 1040 personal tax return, not your time to pay. Individual Income Tax Return.Ĭompared with other IRS forms, the tax extension form is remarkably short and shouldn’t take more than a few minutes to complete. Taxpayers who need more time to file their federal personal income tax return can request a tax extension from the IRS using the one-page Form 4868, Application for Automatic Extension of Time To File U.S. Here’s what you need to know about federal tax extensions and their deadlines. If you did so, you’ll need to file your completed return by Oct. But here’s the tricky part: While you can get more time to file, you don’t get more time to pay.įor tax year 2022 (filed in 2023), you needed to submit your tax extension request by Tuesday, April 18-the regular tax filing deadline -or face a penalty.
The Internal Revenue Service is projecting that one in eight Americans ask e d for an extension this year.Ī tax extension is simply a form you can submit to the IRS, which extends your tax filing deadline by about six months. If you need extra time to file your federal tax return beyond the regular April deadline, you’re not alone.
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