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If you opt to user IRS Form 4868, you’ll also get an automatic six-month extension. This form, too, will require you to estimate your tax liability, but you won't have to make a payment immediately.
If you prefer to mail a paper version of the extension, which is Form 4868, make sure it's postmarked no later than April 15. If you file an extension for your tax return, you'll have until Oct ...
Using your online tax software, or the Free File program offered by the IRS, obtain and fill out IRS extension Form 4868: Application for Automatic Extension of Time to File U.S. Individual Income ...
Additionally, the late-payment penalty for not paying your taxes is usually half of 1% per month of any tax that you don’t pay by the tax deadline with the maximum penalty you can owe being 25%.
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Penalties for filing taxes late are deliberately set high enough to encourage taxpayers to file in a timely manner. On top of that, the IRS can impose additional penalties and interest to any ...
Filing your taxes late may result in a penalty or interest, and, even if you do request an extension, you'll still need to pay the taxes you owe by their deadline.
An extension will give you more time to file your return and help you avoid a late-filing penalty, but you’ll still have to pay what you owe by the April 18 filing deadline to avoid late-payment ...
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turbotax.intuit.com has been visited by 1M+ users in the past month