What Is the Tax Extension Time Period?

 

Are you concerned that you won’t get all your documents together in time to file your return before the due date? Or maybe you just don’t have time to complete your taxes? Don’t worry; it can happen.

Luckily, the IRS allows taxpayers to request an extension. So, what is the tax extension time period? Once you’ve requested the extension, you automatically have an additional six months beyond the original filing deadline. That means your taxes are due on October 15.

To request an extension, you’ll need to submit IRS Tax Form 4868 before April 15 (July 15 in 2020). You can submit Form 4686 electronically by e-filing or by mail using the paper form. If you don’t need the entire tax extension time period to complete your return, simply file your return at any time in the six-month period.

If I Have a Tax Extension, How Long Do I Have to Pay My Taxes?

A common question for taxpayers filing a tax extension is how long they have to pay their tax balance. It’s important to understand that an extension only gives you more time to complete your return — it doesn’t give you more time to pay your taxes.

When submitting your request for an extension, be sure to include payment for any taxes due by the original tax due date to avoid interest or penalties.

Related Topics

Related Resources

Form 9465, Installment Agreement Request

IRS Form 9465, Installment Agreement Request, is used to request a monthly payment plan with the IRS. Learn more from the tax experts at H&R Block.

Rental Property Depreciation And AMT

Is rental property depreciation effected by AMT rates? Explore your options and learn more. Get tax answers from H&R Block.

Unemployment benefits under the CARES Act (Coronavirus Aid, Relief, and Economic Security Act)

Find details on how the Coronavirus Aid Relief and Economic Security (CARES) Act provides benefits for workers who have lost their jobs due to the health crisis.

File Without Missing Form 1099-INT

Can you file your taxes if your Form 1099-INT is missing? Learn more from the tax experts at H&R Block.