Pros of filing an income tax extension. Avoid late-filing penalties: Filing an extension before the tax deadline could help you avoid a late-filing penalty equal to 5% per month on your tax due.

T ime's up. US income taxes are due today, Tuesday, April 15.If you're staring at the clock, wondering if there are enough hours in the day for you to finish your 2024 tax return don't fret.

File for an extension with Form 4868. While all taxpayers are eligible for an automatic tax return extension, you still need to request one. That’s where Form 4868, Application for Automatic ...

The IRS' Form 4868, "Application for Extension of Time to File U.S. Individual Income Tax Return," is seen here. Credit - Robert D. Barnes—Getty Images The last day to file your taxes is fast ...

A tax extension moves your federal tax filing deadline out six months to Oct. 15. ... the federal deadline to file your 2024 income tax return or to request a four-month extension is June 16, ...

The tax filing deadline this year, thankfully, is not April 15. Now, time for the reality check. This year's income tax deadline — April 18 for most taxpayers — is just around the corner.

For the 2021 tax year, individual income tax returns are due by Monday, April 18, 2022. However, the IRS acknowledges that not all taxpayers can meet the deadline for one reason or another. Maybe ...

Some tax filers will qualify for an automatic two-month extension to file their federal tax return and pay income tax. To qualify, on April 15, 2021, you must: Be a U.S. citizen or resident alien ...

After talking to my tax person, I decided I couldn't make the standard April 15 deadline and would have to request an extension. Fortunately, that year, the state of California offered an ...

The money can be invested and grow tax-free like other retirement accounts such as a 401(k). Even if you’re employed as a W-2 worker, you can still open a SEP IRA if you earn self-employment income.

For state income tax returns, Michigan taxpayers would need to file Form 4, which is an application for extension, or submit a copy of the U.S. Form 4868 to the state, according to Ron Leix, a ...

If you live in one of the seven states without personal income tax, you're likely in the clear.. Pay what you owe. Extending doesn't give you additional time to pay your taxes. "The extension only ...