Online Tax Extension Instructions


Eventually, you may need to file for an online tax extension because of how easily tax deadlines can sneak up on you.

Getting a six-month filing extension from the IRS is possible if you need it for any reason (education, travel, family emergency, or just plain disorganisation).

Service of Internal Revenue (IRS).

There's a due date for that, too; the good news is that extensions are simpler to obtain than you may expect. Dates, paperwork, and any other pertinent caveats are detailed here.

The original deadline for filing your tax returns for 2021 was April 18, but if you file for an extension, you'll have until October 15, 2022.

Form 4868, Application for Automatic Extension of Time to File Taxes

Request an extension on your tax return online.

Your tax paperwork, including Form 4868, will be submitted directly to the IRS computer system when you use the IRS e-file. Filing Form 4868 online through the IRS e-file will provide you with an automatic six-month extension to finish your tax return. Either do it yourself with the help of free or paid tax software or hire a professional who uses e-file.

Be sure to submit Form 4868 if you know you'll require an extension until the very last minute. If you submit it early, you'll have more opportunities to catch and correct any mistakes before the deadline passes and the extension window closes.

Filing Extension, but No Extension of Payment Due (Usually)

You can get additional time to file by submitting Form 4868, but you will get less time to pay. Even if the IRS allows you to submit your taxes, you must still pay what you owe by the original deadline.

After deducting any taxes already paid, an approximate estimate of your tax liability is a good starting point for anyone who expects to have to pay taxes when it comes time to submit their return (for example, through tax withholding on your paycheck). You could receive your money back when you submit your taxes if you overpaid because your estimate was too high.

Several factors could cause a request for additional time to pay taxes to be denied.

If you file on time and accurately complete the form, you should have no trouble obtaining an extension.

Applications are typically denied due to easily rectifiable issues. Even if you accidentally misspell a word or provide data that doesn't match IRS records, the tax authority will typically give you a few days to fix the problem and resubmit the form with the correct information.

Explain the process for requesting a tax extension.

By filling out and filing Form 4868, you can ask for an extension of time to file your federal income tax returns. Without any problems, this form, which can be completed electronically or via regular mail, should automatically extend the date for filing by around six months.

Do I have to pay to file an extension electronically, or can I do it online?

You can. If your AGI is below the IRS's threshold, you may qualify for an automatic six-month filing extension through the IRS Free File programme. Those with a higher income can use the IRS's Free Fillable Forms if they feel confident doing their taxes. There are several tax preparation software providers that, under certain circumstances, will file your taxes for free.

Can I Expect Any Difficulty When Requesting an Extension?

Securing an extension is a simple task, indeed. To file your taxes with the IRS, you must obtain Form 4868, fill it out, and submit it to the agency promptly (either electronically or via regular mail). Although estimating your annual tax burden can be challenging, the form is brief.

Is There a Fee for Requesting an Extension on Taxes?

There is no fee associated with requesting an extension. Failure to make a payment on schedule, in total, or at all might result in financial penalties. The Internal Revenue Service will add interest to your account if you don't pay it in full as soon as possible. There may be additional fees for late payments if that amount is less than 90% of the total.

To what date must 2021 tax returns be submitted?

Since the standard April 15 date comes on April 18, 2022, taxpayers should submit their 2021 federal returns by that date.