How Do I File a Tax Extension?

How to file a tax extension

Life happens – there are several reasons you may be unable to file your return by Tax Day. If you need extra time to prepare your return, you should file a tax extension. All you have to do is submit Form 4868 to the IRS, which we’ve explained below. 

Keep in mind – an extension allows additional time to file – not time to pay your tax bill. In other words, the IRS does not penalize taxpayers for requiring extra time to file. However, you can be penalized for not paying your bill by Tax Day. Learn more about late payment penalties here

When is the extended tax deadline in 2022? 

A tax extension typically gives you an additional six months from Tax Day to file your return. If you filed an extension this year, you have until Oct. 17th, 2022 to file your 2021 tax return. However, if you were a victim of natural disaster, you may be eligible for certain filing and payment extensions. For more information, read Tax Relief for Victims of a Natural Disaster

Keep reading to determine if filing a tax extension is right for you. You can file an extension for free with TaxSlayer

This article was last updated on October 11, 2022.

Disclaimer:
This article is intended to provide general information to the public and does not provide personalized tax, investment, legal, or business advice. You should seek the assistance of a professional for advice on taxes, investments, and any other financial, legal, or business matter pertinent to your individual situation.