If you cannot file your individual income tax return on time, You can apply for an automatic 6-month extension by filing Form 4868 on or before May 17, 2021.

The extension helps you to get an automatic extension of time until October 15, 2021, to file your 1040 return. It is also noticeable that when you file form 4868, the IRS doesn’t require any reason why you need an extension.

If you fail to file 4868 to the IRS on time, you will owe a late payment penalty. The penalty for filing late is 5% of the unpaid taxes for each month or part of the month your return is late, and it includes up to 25% of your unpaid tax.

If the return is more than 60 days late, the minimum penalty is $135 or 100% of the unpaid tax, whichever is smaller.

Failure-to-file penalties typically cost more than failure-to-pay penalties, so if you need more filing time, you can e-file your tax extension in minutes with iirs4868.net.

What Form Do I Need To Use To Get An Extension For My Personal Tax Return?

To get an automatic extension for your personal tax returns, you need to file Form 4868 -Application for Automatic Extension of Time To File U.S. Individual Income Tax Return with the IRS.

You can use form 4868 to get an extension for you and even for your spouse.

You have two options to file the individual tax extension form 4868. You can paper file irs 4868, or you can E-File Form 4868.

If you are filing by paper, you will only get the notification regarding the rejection of the extension from the IRS. But when you e-filing Form 4868, you will get an immediate confirmation email update from the IRS.

For filing your personal tax extension form 4868 you need to provide your SSN (Social Security Number) as well as your spouse’s SSN if you are filing jointly. This information will be used for identifying you and you will be asked to furnish the estimates of the total tax liability in the given year and even the amount of taxes paid already. This will be easily used for determining what you owe till May 17th.

E-filing IRS Form 4868 require the below details:

  • Personal Details such as Full name, Address, & SSN.
  • If you're filing jointly, you'll need the same information for your spouse.
  • Total tax liability & Payment for 2020.
  • Balance due if any.
E-File form 4868 Deadline

What Is The Deadline For Filing An Personal Tax Extension?

For getting a 6-month 1040 extension, you need to file your application before or on the original due date of the tax return (which is May 17, 2021). Now if you are paper filing the personal tax extension, it needs to be postmarked by May 17 and if you are planning to e-file Form 4868, then it must be submitted to the IRS by
May 17, 2021.

A personal tax extension provides you until Oct 15, 2021, to file 2020 income tax return 1040. If you are ready to file your personal taxes, you can file the return any time during the extension period, even before May 17. An individual tax extension form 4868 will provide you a peace of mind and that is why most people opt for an extension each year.

Does An Extension Provide You More Time In Paying Your Individual Tax Dues?

No! By filing Form 4868, you are getting an extension on the time period to file your personal taxes and not an extension to pay your taxes. Now if you fail to make payment for your tax liability on time, you will be charged late payment interest and penalties by the IRS. So, to avoid the late payment penalty, at least 90% of the tax liability must be paid by May 17.

I am a green card holder but staying outside the US. Should I file extension for my personal income tax return?

Yes! If you are a US resident but living outside the United States of America or if you are out of the country on May 17, you will automatically get a two-month extension (which is up to June 15) to file your returns without filing individual tax extension form 4868. But to get an additional four-month extension, you must file Form 4868 by June 15 (i.e. for the calendar year taxpayers).

Should I File A Personal Income Tax Extension For My State?

Generally, it depends on the state where you are living and working. Each state has different regulations and rules regarding personal tax extensions and personal taxes. Certain states like Tennessee and Texas don’t charge individual income taxes (Even though you might still owe taxes on investment income and business).

States like Massachusetts and California levy high business and personal taxes, so a state tax extension can be quite handy. With regard to the tax extension rules, each state is different.

For example, California and Colorado will automatically provide a six-month extension to their taxpayers without any paperwork. Arizona will automatically accept the personal tax extension if taxpayers don’t owe any taxes, however, they need to fill out the state-specific tax form if they owe taxes.

On the other hand, Wisconsin will automatically grant the state tax extension, only if you are filing for a federal extension and that too if you are attaching IRS Form 7004 (business tax extension) or IRS Form 4868 (personal tax extension) with the tax return. Pennsylvania allows residents to submit the individual tax extension request through paper filing whereas Alabama allows its resident taxpayers to file the extension online.

Helpful Resources

What is Form 4868

What is Form 4868?

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Form 4868 Filing Instructions

Form 4868 Filing Instructions

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Form 4868 Mailing

Form 4868 Mailing Address

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