![]() ![]() If you file your extension on, you can make payment with your extension via Electronic Funds Withdrawal (EFW). Luckily, there are several options available to you for making tax payments. If you owe money to the IRS and miss the deadline, you’ll have interest and penalties to face for not paying on time – even if you filed for a tax extension. Now, does this mean that you can raid the couch for change through the summer months and pay those taxes in October? Unfortunately, there is no extending the payment deadline, only the filing deadline. Taxpayers who submit an extension form have until October 16 to review and submit their tax information, since October 15 falls on a Sunday. will celebrate Emancipation Day on Monday, April 17). The IRS allows six months for those who need the extra time to file taxes, so long as the extension form is submitted on or before the April 18 deadline (April 15 falls on a Saturday, and Washington D.C. If the mid-April deadline is approaching a bit faster than you might like, we’ve got good news: Filing for a tax extension is easy, inexpensive, and gives you a lot more elbow room to file that 2016 tax return. Tax extensions are life-savers, whether life has gotten in the way of filing you taxes or you just happen to be a chronic procrastinator (my people!). ![]()
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