This is the form you use to request an extension for filing your taxes. It gives you an additional six months to submit your tax return to the IRS.
Here are some important points about Form 4868:
- Extended filing deadline: The regular due date for individual tax returns is typically April 15th (or the next business day if April 15th falls on a weekend or holiday). By submitting Form 4868, you can extend the filing deadline to October 15th.
- Filing requirements: To request an extension using Form 4868, you need to provide your personal information, including your name, address, Social Security number (or taxpayer identification number), and an estimate of your total tax liability for the tax year.
- Automatic extension: The extension granted is automatic, meaning that as long as you submit the form by the original due date of your tax return, you will automatically receive the additional six months to file. It’s good to note that the extension only applies to the filing deadline, not the payment deadline. Any taxes owed are still due by the original deadline if you want to avoid potential penalties and interest.
- E-filing: Head over to the IRS link below to find more information on the extension and how to file electronically: https://www.irs.gov/forms-pubs/extension-of-time-to-file-your-tax-return