Haven’t Filed Your Taxes Yet? July 15 Tax Deadline Will Not Be Extended
The IRS and Treasury Department will not be extending the tax filing and payment deadline for a second time and the deadline will remain July 15, 2020, according to an IRS announcement.
Individuals that need more time can request an automatic extension to file that will give them until October 15, 2020 to complete their tax returns. The extension provides additional time to file the tax return, not an extension to pay any taxes due.
The IRS urges taxpayers to pay what they can by July 15 to avoid penalties and interest. There are also various payment options available for taxpayers that are facing hardships due to the Coronavirus pandemic and can’t make their full tax payment.
Filing a tax deadline extension
To receive the tax filing extension, taxpayers will need to file Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return, before the July 15 deadline.
Taxpayers can also get an extension by paying all or part of their tax due and indicate that the payment is for an extension using Direct Pay, the Electronic Federal Tax Payment System (EFTPS), or a credit or debit card. Taxpayers do not have to file a separate extension form and will receive a confirmation number for their records.
Join Our Newsletter
Sign up to receive exclusive newsletters with the latest information affecting you and your organization.
SHARE THIS POST