Tax season: How to file a tax extension
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(NewsNation) — Most taxpayers have about a month left to file taxes for income made in 2024, but some may be able to request an extension.
The Internal Revenue Service requires anyone who needs an extension beyond the April 15 deadline to file an extension by that same date.
If you don't think you can submit your tax return in time, you must request an extension from the IRS by April 15, also known as Tax Day, to avoid any penalties.
You would still need to pay any taxes owed by Tax Day, however.
"Taxpayers should know that an extension to file is not an extension to pay taxes," the IRS states.
There are three ways to request this extension, according to the IRS:
- Pay what you owe using an online payment option, then check the box indicating you are paying as part of filing for an extension. Keep the confirmation number you receive.
- Use the IRS Free File tool to electronically request an automatic tax-filing extension.
- Request an extension by mail by filing Form 4868.
If you are granted an extension, you have until Oct. 15 to file your 2024 taxes.
Additionally, the IRS says that if you're a U.S. citizen or "resident alien" living out of the country on Tax Day, you may automatically get a two-month extension. People affected by "a disaster situation" also may be granted more time to file.
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