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If you have a refund coming from the IRSas about three out of four taxpayers do every yearthen there is no penalty for failing to file your tax return by the deadline, even if you dont ask for an extension. However, this might not be the case for state taxes.
Illinois State Tax Extension. If you are certain that you do not owe taxes, you do not need to file an extension. However, if you owe taxes and cant file by the deadline, here are the options. You can e-File an IRS Tax Extension by April 18, 2023 for free on eFile.com.
Illinois State Tax Extension. If you are certain that you do not owe taxes, you do not need to file an extension. However, if you owe taxes and cant file by the deadline, here are the options. You can e-File an IRS Tax Extension by April 18, 2023 for free on eFile.com.
An Extension Isnt Required If Youre Owed a Refund Technically, if youre expecting to get money back on your taxes, youre not required to file a return or get an extension. After all, the IRS cant charge you penalties if theres nothing owed.
There are some states that accept the Federal extension and do not require a separate extension form to be filed.16498: States That Accept Federal Extension. StateReturn TypeIdaho1040, 1120, 1120S, 1065, 1041Illinois1040, 1120, 1120S, 1065, 1041Indiana1040, 1120, 1120S, 1065, 1041Kansas1040, 1120, 1120S, 1065, 104124 more rows
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For tax years ending on or after December 31, 2021, the Department will grant an automatic extension of 6 months to taxpayers other than corporations and 7 months for corporations (8 months for fiscal year June 30th filers eligible for an automatic 7-month extension federally) to file any Illinois income tax return
If you receive a federal extension of more than six months, you are automatically allowed that extension for Illinois. These extensions do not grant you an extension of time to pay any tax you owe.
You can find Illinois mailing addresses here. If you filed a tax extension, you can e-File your Taxes until October 16, 2023 without a late filing penalty. However, if you owe Taxes and dont pay on time, you might face late tax payment penalties.
The DOR bases the penalty on the number of days the tax required to be shown due on the return is late. If the payment is 30 days late or less, the penalty is 2%. If the payment is greater than 30 days late, then the tax penalty is 10%.
Free File: Everyone Can File an Extension for Free If you have a balance due, the deadline to pay is still April 18, 2022.

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