How to file for a tax extension
When, in 2020, the IRS pushed the due date for federal income taxes from April 15th to July 15th because of the upheaval brought about by COVID-19, a lot of taxpayers must have breathed a sigh of relief. Depending on where we lived, many of us were dealing with product shortages, layoffs, sudden isolation, and trying to figure out how to cope with the new normal.
Time marches on, however, and two years later, the tax deadline is back to mid-April (April 18th for most states, April 19th in Maine and Massachusetts). So if you won’t be able to file your taxes by then, what do you do?
One thing you don’t do is panic. You can still file for an extension — and it won’t take long.
If you’re an individual (and let’s assume you are), you can file...