When Is the Last Day to File a Tax Extension?

Every year, millions of Americans scramble to file their taxes by the April 15 deadline.

Last Day to File a Tax Extension

But what happens if you can't make that deadline? Fortunately, there is an option to file for a tax extension.

This extension gives taxpayers an additional six months to file their tax returns.

But when is the last day to file a tax extension? Read on to find out.

Table of Contents

What Is a Tax Extension?

Before we dive into the deadline for filing a tax extension, let's first understand what a tax extension is. Basically, a tax extension is a request made to the Internal Revenue Service (IRS) to extend the deadline to file your tax return.

The extension gives taxpayers an additional six months to file their returns, moving the deadline from April 15 to October 15.

Why Would You Need a Tax Extension?

There are many reasons why a taxpayer may need to file for a tax extension. Perhaps they were unable to gather all of their necessary paperwork in time, or maybe they experienced a major life event, such as a death in the family or a natural disaster.

Whatever the reason, filing for a tax extension can give taxpayers extra time to get their financials in order and file an accurate return.

When Is the Deadline to File a Tax Extension?

Now, let's get to the main question: when is the last day to file a tax extension? The deadline to file for a tax extension is April 15. This means that if you are unable to file your tax return by this date, you must file for an extension by this date instead.

It's important to note that filing for an extension does not give you additional time to pay any taxes owed. If you owe money to the IRS, you still need to make a payment by April 15 to avoid penalties and interest. Failing to pay your taxes can result in a penalty of 0.5% of your unpaid taxes per month, up to a maximum of 25%.

How to File for a Tax Extension

Filing for a tax extension is a relatively simple process. You can file for an extension online using IRS Form 4868. Alternatively, you can file for an extension by mail by sending Form 4868 to the IRS. Keep in mind that if you file for an extension by mail, it must be postmarked by April 15 to be considered on time.

When filing for an extension, you will need to estimate how much you owe in taxes. If you are unable to pay the full amount by April 15, you should still file for an extension and pay as much as you can to avoid penalties and interest.

Filing for an extension can give taxpayers an additional six months

The last day to file a tax extension is April 15. Filing for an extension can give taxpayers an additional six months to file their tax returns, but it does not extend the deadline to pay any taxes owed. If you are unable to file your taxes by April 15, be sure to file for an extension as soon as possible to avoid penalties and interest.

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