On April 15 of every year, American taxpayers mark their calendars as having completed their taxes, usually. This is because April 15th is the tax deadline every year, unless there is a holiday that pushes the date backward. For the majority of people living and paying taxes within the U.S., most of them do meet that deadline and get their taxes paid on time. What happens then, if you don’t? Well, then you may need to file for a Tax Deadline Extension. Here, we will go over all that you need to know in order to get your taxes filed within the timeframe you’re given. Here, we will answer the question, “What is a Tax Deadline Extension?”
What Are Tax Extensions?
Tax extensions are essentially permission slips to file your tax return later than April 15h. By filling out Form 4868, all taxpayers can request a six month tax deadline extension. Extensions can be incredibly useful if you need more time filing your taxes or if you just simply can’t make the deadline due to extenuating circumstances or even interfering travel plans. When you file for an extension, you will have until October instead of April to get your taxes filed.
Are Tax Extensions the Same for Service Members?
Although most U.S. taxpayers are required to file prior to the extended Oct. 17 deadline, some military members qualify for special extensions if they are deployed in a tax-free combat zone for part of or all of the tax year. This kind of extension, however, does have specific rules and requirements so it is best to visit the IRS website for more information and to answer your questions.
If you are concerned about getting your taxes done on time this year or a year in the future, applying for a tax deadline extension is a great, simple way to make sure you still get your returns submitted on time. Contact the consultants at the Armed Forces Benefits Network for assistance in filing your taxes correctly.