Filed extension for taxes when is the deadline

If you requested -- and received -- an extension, however, your deadline is here: Friday, Oct. Read more: Best tax software for And this year, your return may be more complicated than usual, wrapped up in potentially thorny issues including unemployment insurance claims , stimulus check income and pandemic-driven changes in residence.

Here's everything you need to know about filing your taxes. Though last year the IRS extended the deadline from April 15 to July 15, this year the agency granted us one extra month, and for most people, taxes came due on May 17, If you requested an extension and were approved, your last day to file is Oct.

If you received an extension and fail to file your income taxes by midnight on Oct. If you are owed a refund, there is no penalty for filing late, though this may be different for your state taxes.

But if you owe the IRS, penalties and interest start to accrue on any remaining unpaid tax due. In most states, taxpayers who are granted a federal extension to file automatically receive an equivalent extension to file their state income tax return.

An important note: If you are owed a refund or you filed for an extension through Oct. If you owe money, you would have been required to estimate the amount due and pay it with your Form If you did that, you should have automatically been granted an extension. Another caveat: If you're serving in the military -- in a combat zone or a contingency operation in support of the armed forces -- you may be granted additional time to file , according to the IRS.

Bottom line? It's best to e-file or postmark your individual tax return as early as possible. CNET's roundup of the best tax software for features an array of packages that can help you take care of business quickly and affordably. For tax year , the IRS has changed individual income tax brackets , adjusting them for inflation. There are also new temporary regulations created by last year's CARES Act around charitable deductions , IRA and k plans and student loans that may affect how you prepare your taxes.

The major changes include:. Yes, late filing penalties are higher than late tax payment penalties in most cases. If you have the funds now to pay , do so as that would reduce any late tax payment penalties. The question is, how do you know what you owe in taxes without filing a return? Thus, preparing a return now would get you that answer. You can still just prepare return to get an estimate of taxes owed and e-File an extension if you do not have all information at hand to file the return.

If taxes are owed, a delay in filing may result in penalty and interest charges that could increase your tax bill by 25 percent or more. There is no penalty for the late filing of a return on which a refund is given except for the delay of your refund.

Since late filing penalties are higher than late payment penalties, you should file a return or extension even if you can't afford to pay your taxes on time. In case you have unpaid taxes for this or a previous tax year, you might owe tax penalties and interest. Are there penalties if I expect a tax refund, but do not file on time? No, there is no tax penalty for failure to eFile a tax return or tax extension if you expect a federal or state tax refund.

However, by waiting too long to eFile, you can lose your refund. Find more information on tax penalties, late interest payment or IRS fees here. Can't pay the taxes you owe? Explore options to help you ease your tax burden now. The requirements for filing a state tax extension vary from state to state. They mostly relate to tax extension filing deadlines, tax payment rules, or certain tax extension forms to fill out or not, in some states' cases.

However, in general, most states follow the deadline to file a federal tax return extension. Find out how to file a state tax extension for a particular state.

Dare to compare eFile. Only eFile a tax extension if you don't have all the information you need to prepare a tax return. If you do not have the funds to pay taxes - but you have all documents ready to file a return - that is not a reason to e-File an extension. You can eFile an extension in this case as it would eliminate the missed filing deadline line penalty, but it will not eliminate the late tax payment penalty.

If you have everything you need - documents, forms - to file taxes, then preparing and e-filing a tax return by Tax Day, even if you can't pay all or some of your taxes, will save you time. If you can't file by the automatic two-month extension date, you can file a Form to request an additional extension to Oct. You have until June 15 to file this form.

Facebook Twitter Email. Tax Day is Monday: How do I file a tax extension in ? Show Caption. Hide Caption. Because of the coronavirus pandemic, may be a tax year like no other. Here are answers to some of your top questions. You can get a tax extension electronically or via mail.

You should request an extension on or before the May 17 deadline to avoid a late-filing penalty from the IRS. See if your tax software supports Form for tax extensions. Most do. The IRS will send you an electronic acknowledgment when you submit the form.

Is it easy to use? Free version? Anybody — even people above the income threshold — can go there to file an extension online.