Extension to File Benefit & Penalty Estimator
See how filing an extension can save you from costly penalties.
Estimate Your Situation
Your Estimated Penalties
Penalty WITHOUT Extension:
$0
Penalty WITH Extension:
$0
Savings by Filing Extension:
$0
Key Benefits & Facts About Filing an Extension
An Extension to File is NOT an Extension to Pay
Your tax payment is still due by the original deadline (usually April 15). Filing Form 4868 only avoids the late-filing penalty, not the late-payment penalty or interest.
More Time for Accuracy
Gives you time to gather all your documents to ensure you claim every deduction and credit you deserve, potentially lowering your tax bill.
Avoid Late-Payment Penalty
If you pay at least 90% of your tax liability by April 15, the IRS waives the late-payment penalty, giving you flexibility.
Fund Retirement Accounts
An extension also extends the deadline to contribute to certain tax-deductible retirement accounts like a SEP IRA or SIMPLE IRA.
Ready to File an Extension?
You can get an automatic extension by making an electronic payment or by filing Form 4868.