IRS tax extension

You can file an extension for your taxes this tax year by submitting IRS Form 4868 with the Internal Revenue Service (IRS) online or by mail. This must be done before the last day for filing taxes. Filing an extension for your taxes gives you additional months to prepare your tax return, no matter the reason you need the extra time.

What is a tax extension?

Each tax season, some taxpayers will ask, “How do I get an extension for my taxes?” But they might be thinking of the taxes owed and not the tax return itself.

This question calls attention to a key distinction about what a tax extension is—and what it is not. A tax extension is a request for additional time to file your federal income tax return.

But take note: Filing an tax extension only gives you more time to finish the paperwork, not more time to pay your tax bill.

What is the tax extension deadline?

Your tax payment is still due on the tax deadline, which typically falls on April 15 or on the next business day if it falls on a weekend or holiday. For the 2024 tax year (taxes filed in 2025), tax extensions submitted by April 15 moves the filing deadline to October 15.

• If you know you’ll be getting a refund, you won’t need to worry about paying when you are filing an extension for taxes. The earlier you file your return, the earlier you’ll receive your refund.
• If you think or know you’ll owe, you should estimate what you’ll owe (see below) and pay the estimated tax amount due when you file Form 4868.

Is there a penalty for filing a federal tax extension?

Filing a tax extension is not a bad thing. There is no penalty for filing a tax extension. However, not paying on time or enough, or failing to file altogether, may cost you.

• If you don’t pay the full amount you owe, the IRS will charge you interest on the unpaid tax balance until you pay the full amount.
• If you don’t pay at least 90% of the amount you owe, you might also be subject to a late payment penalty. The penalty is usually half of 1% of the amount owed for each month, up to a maximum of 25%.
• If you don’t file either your return or Form 4868 by the tax filing deadline for the given tax year, you’ll be subject to a late filing penalty. The penalty is usually 5% of the amount you owe for each month, up to a maximum of 25%.

After you file the extension, you’ll have until October 15 to gather your documents and finish your filing. When you complete your return, you should include the amount you’ve already paid in the payments section of your Form 1040.

How to file a tax extension: Can you file a tax extension online?

Form 4868 is the IRS form you complete to receive an automatic extension to file your return. You can file a tax extension online in one of several ways with H&R Block. While you won’t be filling out the paper Form 4868 line by line, your tax extension information will be sent online to the IRS.

Here’s how to get an extension on your taxes with Taxagon

If you’re not ready to file your tax return, don’t let Tax Day go by without filing for an income tax extension.

File your tax extension with a tax pro – Make an appointment with a Taxagon tax pro to submit your tax extension. You can work with one of our tax professionals in person, virtually or by drop-off.

Not sure you’ll be able to pay your tax bill? The IRS offers payment options to help you pay off your bill.

Don’t live in the United States? Find out how to file an extension when you’re living abroad from our Tax Services team.