Filing for a tax extension allows you additional time to prepare your tax return without incurring late filing penalties. This guide is for US tax filers. Here's how you can extend your filing deadline without any extra fees:
How do I extend my tax filing deadline?
- Complete Form 4868: You can extend your filing deadline with no additional fee by filling out IRS Form 4868.
- Use Electronic Options: Platforms like TurboTax and H&R Block offer electronic methods to assist you in filing this extension.
For a detailed guide on filing an extension in under a minute and for answers to frequently asked questions about tax extensions, visit our blog: How to File a Tax Extension in 60 Seconds
What happens after I file for an extension?
- Extended Filing Date: Submitting your extension request before the tax deadline grants you extra time until the date specified on Form 4868 to complete your tax filing, typically mid-October.
- Tax Payment Obligation: It's important to note that while the extension postpones your filing deadline, you're still required to pay any estimated taxes owed by the original IRS deadline to avoid interest and penalties.
- Seek Professional Advice: If you're uncertain about your tax obligations, consulting a tax professional or attorney is recommended for personalized guidance.
TurboTax provides a comprehensive guide on steps to take after filing for an extension, including information on potential interest and penalties related to delayed tax payments.
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