How to File for a Tax Extension: A Step‑by‑Step Guide
2025-12-13 - 07:26
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Why You Might Need an Extension
Many taxpayers discover that they don’t have all the documents they need by the April deadline. Whether it’s missing W‑2s, unexpected income, or a complex self‑employment situation, filing an extension gives you extra time to gather accurate information and avoid penalties.
Know the Deadline
The IRS automatically grants a six‑month extension if you submit Form 4868 by the original filing date (usually April 15). This pushes the deadline to October 15. Remember: the extension is for filing the return only—not for paying any tax you owe.
Step‑by‑Step: Filing the Extension Online
1. Gather basic information. You’ll need your Social Security Number (or ITIN), filing status, and an estimate of your tax liability.
2. Use IRS Free File. Visit IRS Free File and select “Extension” from the menu. The tool walks you through the short questionnaire.
3. Enter your estimated tax. Calculate the amount you think you owe and pay it electronically. Paying even a portion reduces interest and penalties.
4. Submit Form 4868. After confirming the details, click “Submit.” You’ll receive an acknowledgment receipt—keep it for your records.
Filing the Extension by Mail
If you prefer paper, download Form 4868 from the IRS website. Fill it out, attach a check or electronic payment voucher (Form 1040‑V), and mail it to the address listed in the instructions before the filing deadline.
After the Extension Is Granted
Once the IRS confirms your extension, you have until October 15 to submit the complete tax return. Use the extra time wisely: double‑check deductions, gather receipts, and consider consulting a tax professional if your situation is complicated.
Common Mistakes to Avoid
- Missing the April deadline. Late extensions are not automatically granted and can trigger penalties.
- Not paying estimated tax. Interest accrues on any unpaid balance from the original due date.
- Failing to keep the acknowledgment receipt—this is your proof of extension.
Final Tips
File your extension early to avoid the last‑minute scramble. Keep a copy of all documents, and set a reminder for the new October deadline. With the right steps, an extension can turn a stressful tax season into a manageable process.
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