Learn how to file a tax extension for the upcoming 2023 tax returns. Find out the process and important details to avoid penalties.
As the deadline to file your 2023 tax returns approaches, millions of Americans are preparing their documents to meet the April 15 deadline. But if you’re worried that you won’t have everything ready in time, there is an option to file a tax extension , and here’s how it works. A tax return extension lets filers request an extra six months to file their taxes, but filers still have to pay their taxes on time.
The extension does not provide more time to pay your taxes, but to avoid penalties, filers should estimate and pay their federal taxes by the due date. Individual tax filers can use IRS Free File to electronically request an automatic tax-filing extension. The IRS notes that filing this form gives filers until October 15 to file a return.RELATED: IRS Direct File officially launches, offering free tax filing in these 12 statesAccording to the IRS, if October 15 falls on a Saturday, Sunday, or legal holiday, the due date is delayed until the next business day, according to IRS.go
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