If you’re a last-minute person, filing your taxes is not necessarily your season. Fortunately, you can file an extension on your taxes and avoid paying a penalty. Keep reading to learn how to do it.
When Is Tax Day 2023?
Tax day is Tuesday, April 18, 2023. That’s the last day to file. But what if you need an extension? We’re going to show you how to do it. Never pay someone to file an extension for you, it’s free to do.
Millions of Americans fail to file their taxes annually, subjecting themselves to huge penalties that accrue interest. You don’t want to be like that.
If you need to file a last-minute extension, here’s what you need to do.
How To File Your Tax Extension Form for Free
Individual tax filers, regardless of income, can use Free File to electronically request an automatic tax-filing extension.
- Filing this form gives you until Oct. 15 to file a return.
- To get the extension, you must estimate your tax liability on this form and should also pay any amount due.
Get An Extension When You Pay On Your Taxes
If you can only pay part of your tax bill, you can indicate that the payment is for an extension using Direct Pay, the Electronic Federal Tax Payment System (EFTPS), or a credit or debit card. This way you won’t have to file a separate extension form and you will receive a confirmation number for your records.
Extension Forms by Filing Status
Individuals
Special rules may apply if you are:
- Serving in the U.S. military in a combat zone or a qualified hazardous duty area
- Living outside the United States
Business and Corporations
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Final Word
Tax season is one of many times of the year when you need to be especially careful about your money moves. File an extension on your taxes to save your cash.
If you’re interested in making extra income, don’t miss How To Make Money At Home and How To Quarantine And Make Cash.
Interested in other ways to save or make money? Check out our Money Section:
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