IRS reminds us that for taxpayers that did not file by April 15, 2024 and extended their 2023 filings to October 15, 2024 filing Form 4868 filing, this deadline is quickly approaching. That this was an extension of time to file not to pay, as the payment penalty will not be postposed. However with the 2023 tax season deadline coming and going on October 15, 2024 taxpayers who reside outside the US may apply for a discretionary additional two month extension to December 16, 2024 under IRC §6081(a) and Regulations §1.6081-1(a).
The Oct. 15 extension deadline to file taxes is fast approaching. Most taxpayers who requested an extension of time to file their 2023 tax return must file by Tuesday, Oct. 15, to avoid the penalty for filing late. The IRS urges people to file electronically.
Remember that an extension to file was not an extension to pay. Extension filers who owe taxes should pay as much as possible to reduce interest and penalties. Those who owe tax, have yet to file a 2023 tax return and did not request an extension can generally avoid additional penalties and interest by filing the return and paying any taxes owed as soon as possible.
IRS e-file is easy, safe and the most accurate way to file taxes. It’s available through Oct. 15. Filing electronically can also help taxpayers determine their Earned Income Tax Credit, Child and Dependent Care Credit and more.
Some groups have additional time to file
- People who have an extension and are in – or affected by – a federally-declared disaster area may be allowed more time to file.
- Special deadline exceptions may apply for certain military service members and eligible support personnel in combat zones. Several resources are available for service members and their families who may be eligible for these exceptions.
Access tax account information
Individual taxpayers can log into their IRS Online Account to get key information from their most recent tax return such as their adjusted gross income (AGI), which may help in preparing and filing their return. They can also view the amount they owe, payment history including estimated tax payments, their payment plan details and options, digital copies of certain notices, their address on file and authorization requests from tax professionals.
Payment options
Taxpayers who owe can pay online using IRS Direct Pay at no cost or use a debit card, credit card or Digital Wallet, which may be subject to a payment processing fee.
If taxpayers have a balance and can’t pay it now, they should apply for a payment plan. The IRS has more information for taxpayers who can’t afford to pay the taxes they owe.