Tax Deadline Panic? How to Get an IRS Extension Until October 15 — But You Still Have to Pay

Missing the IRS Tax Day deadline could result in late fees, interest charges, and added financial strain. (Credit: AI Chatgpt)

As the April 15 tax deadline approaches, US taxpayers who are not ready to file can request extra time to submit their return later in the year. The Internal Revenue Service allows individuals to extend their filing deadline to October 15 by submitting Form 4868 or using its Free File system.

The process is straightforward. Taxpayers must provide basic personal details and an estimate of the tax they owe or any refund expected. However, the agency is clear on one point. An extension to file is not an extension to pay.