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Here’s how to get an extension on your taxes with H&R Block* While you won’t be filling out the paper Form 4868 line-by-line, your tax extension information will be sent online to the IRS. You can file a tax extension online in one of several ways with H&R Block. Can you file a tax extension online? What ways are there?įorm 4868 is the IRS document you complete to receive an automatic extension to file your return. When you complete your return, you should include the amount you’ve already paid in the payments section of your Form 1040. The penalty is usually 5% of the amount you owe for each month, up to a maximum of 25%.Īfter you file the extension, you’ll have until October 15 to gather your documents and finish your filing.

If you don’t file either your return or Form 4868 by the tax filing deadline, you’ll be subject to a late filing penalty.

The penalty is usually half of 1% of the amount owed for each month, up to a maximum of 25%.

If you don’t pay at least 90% of the amount you owe, you might also be subject to a late payment penalty.

If you don’t pay the full amount you owe, the IRS will charge you interest on the unpaid balance until you pay the full amount.

However, not paying on time or enough, or failing to file altogether, may cost you.

There is no penalty for filing an extension. Is there a penalty for filing for a tax extension?įiling a tax extension is not a bad thing. If you think or know you’ll owe, you should estimate your tax liability and pay the amount due when you file Form 4868.The earlier you file your return, the earlier you’ll receive your refund.

If you know you’ll be getting a refund, you won’t need to worry about paying when you are filing an extension for taxes.

Your tax payment is due on the tax deadline, which typically falls on April 15 or on the next business day if it falls on a weekend or holiday. An extension only gives you more time to finish the paperwork, not more time to pay. This question calls attention to a key distinction about what a tax extension is - and what it is not.

When some taxpayers ask, “How do I get an extension for my taxes?” they might be thinking of the taxes owed and not the return itself. Filing an extension for your taxes gives you additional months to prepare your return no matter the reason you need the extra time. This must be done before the last day for filing taxes. You can file an extension for your taxes by submitting Form 4868 with the IRS online or by mail.