With the April 15, 2025 tax filing deadline nearing, the Internal Revenue Service (IRS) is reminding individuals that they have the option to request an extension to file their tax returns until October 15, 2025. However, this extension only applies to submitting the necessary paperwork—it does not delay the deadline for paying taxes owed. Taxpayers are still responsible for submitting their estimated tax payments by April 15 to steer clear of interest and penalties.
The IRS offers three convenient ways to request a filing extension. Taxpayers can use the IRS Free File system, which is open to everyone regardless of income level; make an estimated tax payment online and indicate that the reason is an extension; or file Form 4868 either electronically or through regular mail. In each case, taxpayers must calculate how much tax they owe and make sure they pay it by the original due date.
For Americans living abroad, including U.S. military personnel serving in combat zones, the IRS grants an automatic two-month extension to file, moving the deadline to June 16, 2025. However, even in these cases, any tax due must still be paid by April 15 to prevent additional charges.
It’s important to note that while the extension grants extra time to file your return, it does not allow more time to make payments. Failing to pay on time can lead to a monthly penalty of 0.5% of the unpaid amount, with a cap of 25%, along with accumulating interest.
The IRS encourages individuals to use the support services available, such as the Volunteer Income Tax Assistance (VITA) and the Tax Counseling for the Elderly (TCE) programs, both of which offer free help with filing taxes. Additionally, the IRS Free File service includes the option to file for an extension at no cost. Utilizing these tools can help taxpayers stay compliant and avoid unnecessary fees.

Comments
Post a Comment