Need A Tax Extension, With The IRS? Here’s How-To-Do-It!
Written by Tariq on April 15, 2024
Haven’t done your taxes? Almost half of Americans delay working on their taxes, a new survey from tax prep company TaxAct found. Many are stressed by the task, but more than 1 in 4 is worried about owing money to the IRS, the study found.
With the today’s (April 15th) deadline, file for an extension is the only option. That would give taxpayers until October 15 to file their federal tax returns, and the process is fairly quick — and also free. About 90 million people have filed their 1040s with the IRS as of March 29, the tax agency says. But as it expects about 128.7 million tax returns this year, that means almost 40 million people have pushed off filing until the last two weeks of the regular tax season.
The IRS will give taxpayers an automatic extension if they file Form 4868. This one-page document asks for basic information such as your name, address and Social Security number.
Source: CBS News
