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tax day is coming faster than a rocket landing and they come in pretty fast and there are a lot of myths out there about what it means to file an extension and what happens if you miss the tax deadline altogether so lets jump right into the most commonly asked questions ive seen over the years about the subject of more time to file your taxes so what is a tax extension and do i automatically qualify a tax extension is a way for taxpayers to get more time to file their taxes up to six months and state rules are generally similar if you have a state income tax as long as you complete form 4868 you will automatically get an extension of six months but be cautioned an extension does not delay the payment due date if you owe money if you dont pay your taxes by the tax deadline you can get hit with penalties and interest but there are some people who dont need to fill out a 4868 as you automatically get an extension and have even more time to file under the law for example if youre a u.