![]() ![]() ![]() Individual Income Tax Return to request an extension to file up to six months later in the year while most businesses file Form 7004: Application for Automatic Extension of Time to File Certain Business Income T. Taxpayers that file their returns by October 15 and end up owing will pay late payment penalties as well as underpayment penalties if they paid less than 90 percent of their tax liability for that tax year. If you need more time to file your individual taxes, you can submit Form 4868: Application for Automatic Extension of Time to File U.S. That said, the tax extension is only for filing taxes, not payments. If you’re behind on your tax payments, you must pay your remaining tax liability – or at least the estimation of it – by April 18 regardless. 69 State Filing Fee 59 1 TurboTax Deluxe Learn More On Intuits Website Federal Filing Fee 54.95 State Filing Fee 39.95 2 TaxSlayer Premium Learn More On TaxSlayers Website Federal. It essentially means you don’t have to complete your federal tax return by the regular due date which is usually April 15 (unless this date falls on a weekend or holiday). One thing you should always keep in mind about tax extensions is that this only gives you additional time to file your tax return. A tax extension is an extension of time with the Internal Revenue Service (IRS) to file your federal tax return. You must file your tax return by this date. Once you file an automatic extension to file your federal or state income tax return, your new deadline will become October 15. Regardless of how you do it, make sure to submit your extension by April 18. If you prefer filing your extension the old-fashioned way, you’ll need to file Form 4868 on paper and mail it to the Internal Revenue Service. It’s completely free to file a tax extension through TurboTax. ![]()
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