Otherwise, you may owe penalties and fees. If you owe the IRS money for your income taxes, you will have to pay at least 90% of that balance when you file your tax extension request. The only downside is that an extension of time to file does not give you an extension to pay your federal tax bill.
The deadline for filing a tax extension this year is April 18 (it’s usually April 15), the same deadline for filing and sending your federal taxes and income tax payment. Request a federal tax extension if you aren’t ready to file!įiling a request for a federal tax extension gives you an extra six months to file your income taxes, and the best part is that it’s easy and will not cost you a penny.
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