Tax Extension Form: Everything You Need to Know for 2025
Tax Day 2025 is quickly approaching! April 15th is the deadline for most, but don't panic if you need more time. This guide explains how to file for a tax extension, who qualifies for automatic extensions, and what to expect during the process.
Understanding Tax Extensions
A tax extension gives you extra time to file your return, not to pay your taxes. You'll still owe any taxes by April 15th, but you'll have until October 15th to submit your completed forms. This avoids the hefty failure-to-file penalty. Anyone can request an extension, regardless of their reason.
Who Qualifies for Automatic Extensions?
In 2025, Florida residents in certain counties affected by Hurricanes Debby, Helene, and Milton received an automatic extension until May 1st. This applies to various federal individual and business tax returns and payments. Check the IRS website for a complete list of eligible counties.
How to File for a Tax Extension
There are three main ways to request an extension:
- File Form 4868: Download the form from the IRS website, fill it out accurately, and submit it by April 15th, along with any estimated tax payment.
- Electronic Filing: Many tax software programs allow you to file for an extension electronically. This often provides confirmation of receipt.
- Payment as Extension Request: When paying estimated taxes through IRS Direct Pay, EFTPS, or an approved payment processor, indicate you’re requesting an extension. The IRS will process it automatically.
What Happens After You Request an Extension?
Once approved, you have until October 15th to file your 2024 tax return. Remember, late filing penalties still apply if you miss the extended deadline. If you're struggling to pay, explore options like payment plans to avoid additional penalties and interest.
Need Help?
If you have questions or need assistance, consult the IRS website (irs.gov) or contact a qualified tax professional. Don't let the deadline stress you out; take action now to ensure a smooth tax season!