IRS Tax Extension 2022::There is good news if you haven’t filed your federal income tax return for 2021 yet and thought you had missed the deadline. You have a little more time to file or ask for a tax extension, so you can still do that. Even though tax returns are usually due on April 15, the IRS has to change the due date in some cases, which is why the due date is different. For the 2021 tax year, most Americans have until midnight tonight (April 18) to file their federal tax returns.
Notice that the word “most” in the previous sentence is in italics to make it stand out. This is to show that it is essential. They have until tomorrow night (April 19) to send their federal tax forms to the IRS. As a bonus, people who have been affected by recent natural disasters get more time to file their 1040s, with different due dates based on when the disaster happened to them. But no matter when your deadline is, make sure you file your return before it runs out so that the IRS doesn’t charge you for being late.
Why Are Taxes Due April 18 Instead of April 15 This Year?
Tax Day is usually on April 15, but it can be on any day of the year. But if a tax deadline falls on a Saturday, Sunday, or holiday, it’s moved to the next business day. There was no weekend rule because April 15 was on a Friday this year, so it didn’t work. That’s not true. In the District of Columbia, Emancipation Day was held on April 15. People in Washington, D.C., celebrate the end of slavery on this day every year. Because April 15 was a holiday in D.C., the IRS couldn’t make people file their taxes on that day. As of April 18, most people had to file their federal income taxes by that date, so the next business day was April 18.
Important Dates to remember for TAX Payers 2022
This form can also be used through the IRS’s “Free File” service. It can be used no matter how much money you make. If your adjusted gross income is less than $73,000, you usually can’t use the Free File service. But you can use it to ask for an extension.
|January 14, 2022||IRS Free File opens|
|January 18,2022||Due date for tax year 2021 fourth quarter Payment of TAX|
|January 24,2022||IRS begins 2022 tax season|
|January 28,2022||Earned Income Tax Credit Awareness Day|
|April 18,2022||Due date to file 2021 tax return or request extension and pay tax owed due to Emancipation Day holiday in Washington, D.C., even for those who live outside the area.|
|April 19,2022||Due date to file 2021 tax return or request extension and pay tax owed for those who live in MA or ME due to Patriots’ Day Vacation|
|October 17,2022||Due date for requesting an extension on 2021 tax returns|
Tax Day for Maine and Massachusetts Residents
People who live in Maine and Massachusetts have an extra day to file their federal income tax return – until April 19. Why? To make things easier for you, Patriots’ Day, which is an official holiday in Maine and Massachusetts, is on April 18. This year, it’s on April 18. Tax Day was moved from April 15 to April 18 for most people because of a local holiday. The IRS can’t set the tax filing and payment due date for people in those two states on April 18. For people in Maine and Massachusetts, the deadline has been moved to the next business day, tomorrow (April 19).
How do I get a tax extension?
The IRS says you must ask for one before getting an extension. You must ask for one by April 18, the IRS says. If you don’t, you could be hit with a “failure to file” penalty. You can read all about that penalty in the text below. The good news is that you don’t have to do anything to get the extension. You still have to file some paperwork with the IRS to get the extension, though.
Have you asked for an extension? Fill out Form 4868 and send it back to the IRS. This one-page form asks for things like your name, address, and Social Security number. It also asks you to figure out how much taxes you will have to pay.
Can I get more time to file without asking for an extension?
In the United States, people who have been affected by natural disasters usually get more time to file their taxes. As of this year, people who were affected by the December 2021 tornadoes and flooding and the December fires in Colorado have until May 16, 2022, to file and pay any taxes they owe for the year they were affected. If you or a family member were injured or killed by storms and flooding that started in February, you can file and pay for damages until June 15.
Also, people who work for the military or for people who help the military in war zones have more time to file. The IRS says it takes at least 180 days after they leave the battlefield to file their taxes and pay any taxes they owe, and this is about six months.
How long is a tax extension?
- It gives you until October 17, 2022, to file your tax return.
- Even though you can get an extension, it doesn’t give you more time to pay, and it only gives you more time to file your return. It’s crucial to figure out your tax bill and pay as much of it as you can at the time that you can.
- Even if you get an extension, you’ll have to pay interest and pay a late payment fee if you owe money after the due date.
- If you pay at least 90% of your tax bill by the deadline and pay the rest with your return, you may be able to avoid the late payment penalty.
What are the penalties for failing to file?
As a rule, if you can’t finish your tax return by April 18, you should apply for an extension. The penalty for not filing can be very high, and it is based on how long it has been since you filed your taxes and how much money you owe. It costs 5% of unpaid taxes for each month that a filing is late, up to 25% of the taxes that haven’t been paid. Because they didn’t ask for an extension, they will pay $500 each month for two months, which comes to $1,000.