It’s important to understand that an extension only gives you more time to complete your return - it doesn’t give you more time to pay your taxes. If I Have a Tax Extension, How Long Do I Have to Pay My Taxes?Ī common question for taxpayers filing a tax extension is how long they have to pay their tax balance. If you don’t need the entire tax extension time period to complete your return, simply file your return at any time in the six-month period. You can submit Form 4686 electronically by e-filing or by mail using the paper form. To request an extension, you’ll need to submit IRS Tax Form 4868 before April 15 (July 15 in 2020). That means your taxes are due on October 15. So, what is the tax extension time period? Once you’ve requested the extension, you automatically have an additional six months beyond the original filing deadline. Luckily, the IRS allows taxpayers to request an extension. Are you concerned that you won’t get all your documents together in time to file your return before the due date? Or maybe you just don’t have time to complete your taxes? Don’t worry it can happen.
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