Attention all procrastinators and last-minute filers! The IRS is giving all taxpayers an additional day to file their income tax return following system issues. They announced yesterday that all individuals and businesses with a filing or payment deadline on Tuesday, April 17th, 2018 now have until midnight tonight.
Following The IRS Glitch, When is Tax Day 2018?
All taxpayers will have until midnight tonight to submit tax return and extension without penalty. This is following the agency’s system crash for electronically filing returns during the original schedule Tax Day 2018.
“This is the busiest tax day of the year, and the IRS apologizes for the inconvenience this system issue caused for taxpayers,” said Acting IRS Commissioner David Kautter. “The IRS appreciates everyone’s patience during this period. The extra time will help taxpayers affected by this situation.”
Income Tax Extension 2018
IRS Form 4868 is a 1040 extension formally titled the Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. If you submit your application to the IRS by midnight tonight, you will receive an additional six months to file your tax return without incurring IRS penalties.
How to File a Tax Extension For 2018?
Step 1: Calculate Estimated Taxes Owed
Before you apply for tax extension Form 4868, you will need to estimate the amount of taxes you owe for 2017. You can do this by simply subtracting the total tax amount withheld from your paycheck and your estimated tax payment from the tax amount you owe to the IRS.
Before you estimate your liability amount, be sure to reduce your income by all applicable exemptions and deductions.
Use the 2017 tax tables to estimate the amount you owe on your tax return. If you do not pay the full amount, you may owe interest and penalties.
Step 2: Create Your ExpressExtension Account
You can create a free account with our sister product ExpressExtension and click “Create Personal Tax Extension” from your account Dashboard. At this point, you can pay your income taxes.
The application for your automatic income tax extension requires very minimal information. However, we will guide you through step-by-step to ensure your information is filed correctly.
You will need the following income tax information:
- Social Security Number
Step 3: Submit Income Tax Extension 2018 to The IRS
Once you have completed and reviewed your Form 4868, you can then submit directly to the IRS. When the IRS accepts your form, you will be notified immediately via email.
Please keep in mind that while Form 4868 does provide you with an extension of time to file you are still required to pay 100 percent of your owed taxes. The Tax Day 2018 deadline for submitting your personal income taxes is April 18th, 2018.