Tax Day 2024: How to file an extension if you can't pay by the deadline
File Penalty notice. One can also file for an extension request on April 15 in select cases. According to reports, the IRS has stated that it has received 100 million-plus tax returns, with millions more expected to be filed as the deadline comes near.
According to the IRS, one will only have to pay a fine or penalty if they are 'not owed any tax refund.' Moreover, the IRS has also stated that if one cannot pay their taxes in full by April 15, they should still file it within the stipulated date and pay whatever amount they can and later opt for payment plans available on the IRS site, says NBC Chicago.
Tax Day 2024: How to file an extension
Taxpayers who aren't ready to submit their returns on Tax Day can utilize IRS Free File to electronically request an extension. Alternatively, if you opt to mail a paper extension, you'll require Form 4868.
Ensure that the form is postmarked no later than April 15, as it is the deadline for filing an extension. With an extension, you'll have until Tuesday, October 15, 2024, to file your return.
IRS Customer service
This Tax Day 2024, the IRS is working on developing and promoting their customer service features which have been recently added after the federal agency received billions in funding through the Democrats’ Inflation Reduction Act.
The new customer service features of the IRS include a reduction in call waiting times so that people who have queries about filing during Tax Day 2024 will not have to wait for
