Navigating Tax Filing Deadlines and Extensions in 2023

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Source: Yahoo Finance
TL;DR Summary

The IRS has reminded taxpayers that they can file for an extension for their federal tax return if they need more time. An extension provides an automatic six more months to file a tax return, but it does not give extra time to pay taxes that are due. Taxpayers who owe taxes should pay their entire obligation, or as much as they can, by the normal deadline to avoid penalties and interest. There are three ways to request an extension, and most can be done for free. Not all states recognize federal extensions, and taxpayers must file a separate extension specific to their state if it doesn’t recognize federal extensions.

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