The 2025 tax deadline is here—but if you’re not ready, don’t panic. Here’s how to file for an extension and avoid late penalties.
As millions scramble to meet the April 15 IRS deadline, many taxpayers are asking the same question: What if I can’t file my taxes today? The good news is, you have options. Whether you’re missing documents, overwhelmed, or simply out of time, the IRS offers a way to avoid penalties—if you act fast.
Can I Get a Tax Extension for 2025?
Yes. The IRS allows taxpayers to request an automatic six-month extension to file their federal income tax return. That gives you until October 15, 2025, to submit your paperwork.
To request the extension, submit IRS Form 4868 electronically or by mail before midnight on April 15.
Ways to file Form 4868:
- IRS Direct Pay
- Electronic Federal Tax Payment System (EFTPS)
- Credit/debit card or digital wallet
Do I Still Have to Pay If I Get an Extension?
Yes—an extension only delays your paperwork, not your payment.
Even if you file Form 4868, you must still pay at least 90% of your estimated 2024 tax liability by April 15 to avoid late payment penalties.
The IRS advises:
- Pay what you can, even if it’s not the full amount.
- Include your payment when submitting Form 4868.
Failing to pay on time could trigger a late payment penalty of 0.5% per month, plus daily compounded interest (currently 7% annually for early 2025).
What Happens If I Don’t File or Pay?
Here’s a breakdown of potential penalties:
| Type of Delay | Penalty | Maximum Penalty |
|---|---|---|
| Late Filing | 5% per month | 25% of unpaid taxes |
| Late Payment | 0.5% per month | 25% of unpaid taxes |
| 60+ Days Late | $510 or balance due (whichever is less) | — |
Note: You may avoid these penalties if you have a “reasonable explanation” and attach a statement to your late return.
What If I Can’t Pay My Tax Bill?
The IRS offers help if you’re facing financial hardship:
- Payment plans are available for most taxpayers.
- You can also request a temporary delay of collection, though penalties and interest will still accrue.
- In extreme cases, the IRS may file a tax lien if your debt remains unresolved.
Final Reminders for Taxpayers Needing More Time
- File Form 4868 today if you haven’t already.
- Pay what you can by April 15 to reduce or avoid penalties.
- Keep detailed records of your communication with the IRS.
- Consult a tax professional if you’re unsure about your liability or options.
This content is brought to you by the FingerLakes1.com Team. Support our mission by visiting www.patreon.com/fl1 or learn how you send us your local content here.