By Michelle Barrette
As we move through the 2025 tax season, many taxpayers may find themselves needing more time to prepare their tax returns. Whether due to missing documents, complex financial situations or simply not having enough time, filing a tax extension can provide the relief you need. If you’re unable to meet the April 15 deadline, here is what you need to know about filing a tax extension.
What is a tax extension?
A tax extension gives taxpayers an additional six months to file their tax returns, typically moving the deadline from April 15 to Oct. 15, 2025. However, it’s important to note that while the extension provides more time to file, it does not extend the time to pay any taxes you owe. You’ll still need to estimate your tax liability and submit payment by the original April deadline to avoid interest and penalties.
How to file a tax extension
To file for a tax extension, individuals must submit IRS Form 4868, titled “Application for Automatic Extension of Time to File U.S. Individual Income Tax Return.” This form is available on the IRS website and can be filed either electronically or by mail. Many tax preparation software programs allow you to file Form 4868 online, simplifying the process. If submitting a paper extension, it is recommended to use certified mailing.
When filing the extension, it’s important to remember that if you owe taxes, you should make an estimated payment by the original April deadline. This can be done through the IRS Direct Pay system or by mailing a check with your Form 4868.
Why file for an extension?
There are many reasons why you might need to file for an extension. Perhaps you’re waiting for important tax documents, need more time to gather information, or have a complicated financial situation. An extension allows you to avoid rushing your tax return, which can help ensure accuracy and avoid costly mistakes. Another good reason for filing an extension for self-employed taxpayers is extending the time to calculate and fund a maximum contribution to a retirement plan like a SEP IRA.
Consequences of not filing for an extension
If you miss the filing deadline without requesting an extension, you could face penalties and interest on any unpaid taxes.
Filing a tax extension for your 2025 taxes is a simple way to gain additional time for filing your return. Just remember that while you get extra time to submit your paperwork, your payment due date remains the same — April 15, 2025. Make sure to plan accordingly to avoid penalties and ensure a smooth filing process.
