When Is The Tax Extension Deadline for 2023

As the end of the year approaches, many people start thinking about taxes. While the deadline for filing taxes is typically April 15th, there are circumstances in which an extension can be granted. If you’re wondering about the tax extension deadline for 2023, read on.

First, it’s important to understand what a tax extension is. Essentially, it’s a request for more time to file your tax return beyond the April 15th deadline. The deadline for filing an extension is also typically April 15th, but it can vary slightly depending on the year.

For 2023, the tax extension deadline will be October 16th. This means that if you need more time to prepare your tax return, you can file for an extension by April 15th, and you’ll have until October 16th to file your return without incurring any late filing penalties.

It’s important to note, however, that an extension to file is not an extension to pay. If you owe taxes, you still need to estimate and pay them by the April 15th deadline to avoid interest and penalties. Filing an extension simply gives you more time to prepare your return.

To file for an extension, you can use IRS Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. You can submit this form electronically or by mail, and you’ll need to estimate your tax liability and pay any amount due by the April 15th deadline

In conclusion, the tax extension deadline for 2023 is October 16th. If you need more time to prepare your tax return, you can file for an extension using Form 4868 by April 15th. However, remember that an extension to file is not an extension to pay, and you’ll still need to estimate and pay any taxes owed by April 15th to avoid penalties and interest.