The IRS reminds taxpayers that the April 15, 2025, deadline is fast approaching. No doubt it is just around the corner and some citizens may not have enough time to prepare their 2024 tax return and file it on time.
In order to avoid any fees or penalties for late filing, it is best to follow the IRS’s advice on this issue. Why not take advantage of the six-month extension of time to file your tax return?
How to get an extension of time from the IRS
All you have to do is request an extension by the April 15 deadline. In this way, you will have until October 15, 2025, to file. So, you will not have to face any penalties as long as you paid your tax liability.
3 ways to get an extension:
Using Free File is one easy way to get an automatic tax-filing extension of time to file. It can be used for this purpose and it has no income limit for extensions. Do it quickly and electronically. Another way is to pay online and check the box to get an extension. It is also possible to fill out Form 4868 and mail it.
IRS important reminder
Getting an extension of time to file does not allow you to pay after April 15, 2025. Hence, it is important to pay all the money you owe the IRS before April 15 to avoid fees or penalties.
Thus, remember that this extension will only be helpful for filing your 2024 tax return by October 15, 2025. So, it will be useless if you need extra time to pay because you cannot pay after April 15.
If you do not have enough money to pay all of your tax liability, you can contact the IRS. They may have a payment plan that suits you but it may imply paying a little more. That is why it is important to be informed before you agree to a payment plan.
