Tax Day Is July 15th

After some speculation the IRS has announced that the July 15th filing and payment deadline will not be postponed. Individuals that are unable to meet the July 15th filing deadline can request an automatic extension of time to file. However, all tax payments are due on July 15th.

Taxpayers who need more time to file their Federal income tax return can get an extension until October 15th by filing Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return, before the July 15th deadline. Taxpayers should estimate their tax liability on Form 4868 and pay any amount due when filing the form.

Taxpayers can also get an automatic extension by making a tax payment using Direct Pay, the Electronic Federal Tax Payment System (EFTPS), or an authorized credit or debit card processor, and indicating that the payment is for an automatic extension.

When using one of the above payment methods to request an automatic extension, taxpayers do not have to file a Form 4868 and will receive a confirmation of their payment for their records.

The IRS also reminds taxpayers to check their state filing and payment deadlines, which may differ from the Federal July 15th deadline.