TAX SEASON 2024
IRS File for Tax Extension: how to apply and where to apply to IRS Form 4868
Filing for an Automatic Extension of Time To File gives you more time to file but not an extension to pay owed taxes.
The deadline to submit a tax year 2023 federal income tax return to the Internal Revenue Service (IRS) is Monday 15 April 2023.
You can either file for an extension online, or submit electronically with Form 4868.
To file for a tax extension with the IRS, you can follow these steps:
- Obtain IRS Form 4868: You can get a copy of Form 4868 from the IRS website.
- Fill out the form: Provide your personal information, estimated tax liability, and any payments you’ve made. You will also need to indicate the length of the extension you are requesting, either six months or less.
- Submit the form: You can submit Form 4868 electronically through the IRS website.
- Make any necessary payments: Filing for an extension does not give you more time to pay your taxes, only more time to file. If you owe taxes, you must make an estimated payment by the original due date of your taxes on 18 April or you will face penalties and interest.
It’s important to note that filing for an extension does not exempt you from any taxes owed. It simply gives you additional time to file your tax return.
Another option for an extension
Individual tax filers, regardless of income, can use IRS Free File to electronically request an automatic tax-filing extension.
Filing this form gives you until 15 October to file a return. However, it’s worth noting that a filing extension isn’t a payment extension, so you need to estimate the tax you owe and pay this in full or in part by the original due date.