How to File a Free Federal Tax Extension
Most people should have their individual tax forms and payments sent to the Internal Revenue Service (IRS) on April 18 of this year. There is not much time left for tax preparation, but filing a tax extension could buy you more to get your paperwork together. You can file Form 4868 for free to get a federal tax extension.
What the Extension Does Not Give You
Although filing a federal tax extension will give you more time to calculate your tax liability and send accurate tax forms, TaxAct says that it does not give you more time to pay any taxes you might owe. You still need to estimate your taxes and should pay all you owe when your federal taxes are due….