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About Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return | Internal Revenue Service.
It lets you delay filing and paying taxes without penalty. But youll still be charged interest after the April deadline. Interest on unpaid tax compounds daily from the original due date of the return until the date you pay in full. This results in a daily recalculation of the principal amount plus accrued interest.
Do I need to file an extension if I dont owe? If you are due a refund, you do not need to file an extension; you have three years from the filing deadline to file the return and claim your refund. After this three-year period, taxpayers will not be able to claim any over-payments or credits.
A U.S. citizen or resident files this form to request an automatic extension of time to file a U.S. individual income tax return.
Click Form 4868. You may have to scroll down in the Forms and Schedules section to locate the item. Click Print, then click the PDF link. Click the printer icon or the save icon (available when you hover your mouse over the PDF form) to print or save the PDF copy.
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People also ask

What is the cost of filing Form 4868? Internal Revenue Service. Free File: Everyone Can File an Extension for Free. Accessed Feb 13, 2024.
File Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return. You can file by mail, online with an IRS e-filing partner or through a tax professional.
Many people file for an extension because they owe taxes and are unable to pay them. Inability to pay is the worst reason to file an extension, warns Cole. An extension gives you extra time to file, but not extra time to pay.

2020 tax extension