Tax Day 2024: How to file an extension if you can't pay by the deadline

For residents of the US, April 15 is the last date to file your tax returns and failure to comply with this date may see one receiving a Failure to File Penalty notice. One can also file for an extension request on April 15 in select cases. According to reports, the IRS has stated that it has received 100 million-plus tax returns, with millions more expected to be filed as the deadline comes near.

According to the IRS, one will only have to pay a fine or penalty if they are 'not owed any tax refund.' Moreover, the IRS has also stated that if one cannot pay their taxes in full by April 15, they should still file it within the stipulated date and pay whatever amount they can and later opt for payment plans available on the IRS site, says NBC Chicago.

Tax Day 2024: How to file an extension

Taxpayers who aren't ready to submit their returns on Tax Day can utilize IRS Free File to electronically request an extension. Alternatively, if you opt to mail a paper extension, you'll require Form 4868.


Ensure that the form is postmarked no later than April 15, as it is the deadline for filing an extension. With an extension, you'll have until Tuesday, October 15, 2024, to file your return.

IRS Customer service

This Tax Day 2024, the IRS is working on developing and promoting their customer service features which have been recently added after the federal agency received billions in funding through the Democrats’ Inflation Reduction Act.

The new customer service features of the IRS include a reduction in call waiting times so that people who have queries about filing during Tax Day 2024 will not have to wait for much time in the queue to get their issues resolved.

Moreover, IRS has focused on digitization of a major set of documents to increase filing efficiency and has also worked extensively on a tool named 'Where's my Refund', where all details around tax returns are explained in layman's terms, say reports.

These features, recently added to the tax filing process are being extensively promoted by the IRS to enhance their public image and encourage people to maintain trust in the taxation system, according to an NBC Chicago report.

FAQs:

Which is the last day for Tax filing in the US?
April 15 is the deadline for tax filing in the US and one should file their returns within that day or at least file an extension, failing which, they may get with a failure to file notice.

What is the full form of the IRS?
The full form of IRS is the Internal Revenue Service, which is a federal government agency responsible for implementing tax laws in the United States and collecting due federal taxes from US citizens.