Get an Extension for Your Tax Return
File by April 18th for an Extension Until October 16th
If you can't file your federal tax return by the April 18th, 2023 deadline, you can request an extension. An extension will give you until October 16th, 2023 to file your return, but you must file your extension request by the regular due date of your return.
How to File for an Extension
You can file for an extension by mailing Form 4868, Application for Automatic Extension of Time To File US Individual Income Tax Return, to the IRS or by e-filing it using your TurboTax account.
If you mail your extension request, make sure to include your social security number, your spouse's social security number (if filing jointly), and the tax year for which you are requesting the extension.
If you e-file your extension request, you will need to have a valid TurboTax account. You can create an account for free at TurboTax.com.
What Happens if I Don't File for an Extension?
If you do not file for an extension, you may be subject to a late filing penalty. The late filing penalty is 5% of the tax due for each month that your return is late, up to a maximum of 25%. You may also be subject to a late payment penalty if you do not pay your taxes by the deadline.
Conclusion
If you cannot file your federal tax return by the April 18th, 2023 deadline, be sure to file for an extension. Filing for an extension will give you until October 16th, 2023 to file your return, but you must file your extension request by the regular due date of your return.
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