Facts about Filing for an Extension

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Taxpayers needing more time to file their taxes can get an automatic six-month extension from the IRS.  If you didn’t pay your tax bill by midnight on April 18, you’ll face a penalty of 0.5 percent of the balance due for each month your taxes go unpaid, up to a maximum of 25 percent.

There are a few different ways taxpayers can file for an extension.

Here are a couple things for people filing an extension to remember:

  • More Time to File is Not More Time to Pay. An extension to file gives taxpayers more time to file their return, but not more time to pay their taxes. Taxpayers should estimate and pay any owed taxes by April 18 to avoid a late-filing penalty. To avoid penalties and interest, they should pay the full amount owed by the April due date.
  • The IRS Can Help. The IRS offers payment options for taxpayers who can’t pay all the tax they owe. In most cases, they can apply for an installment agreement with the Online Payment Agreement application on IRS.gov. They may also file Form 9465, Installment Agreement Request. The IRS will work with taxpayers who can’t make payments because of financial hardship.

More Information:
Interactive Tax Assistant: What Is the Due Date of My Federal Tax Return or Am I Eligible to Request an Extension?