How to File a Tax Extension Using TurboTax in 2023

TLDRLearn how to file a tax extension for the 2023 tax season using TurboTax. By filing an extension, you can avoid late filing penalties and get an additional 6 months to submit your tax return.

Key insights

📅Filing a tax extension gives you until October 15th to submit your tax return for the 2023 tax season.

💰Even if you file a tax extension, you still need to pay your taxes by the original tax deadline of April 15th.

📝You can file a tax extension using TurboTax by following simple instructions on their website or through their easy extension tool.

Filing a tax extension helps you avoid additional late filing penalties and gives you more time to prepare and file your taxes accurately.

💻TurboTax simplifies the tax extension process by filling out the necessary IRS forms for you and submitting them electronically.

Q&A

What is a tax extension?

A tax extension is a request to the IRS for additional time to file your tax return. It gives you until October 15th to submit your return without incurring late filing penalties.

Can I file a tax extension if I can't pay my taxes by the deadline?

Yes, you can file a tax extension even if you can't pay your taxes by the deadline. However, you will still need to estimate and pay the taxes you owe by the original tax deadline to avoid late payment penalties.

How do I file a tax extension using TurboTax?

You can file a tax extension using TurboTax by signing in to TurboTax, searching for 'extension' in the search bar, clicking on the 'File an Extension' link, and following the on-screen instructions. TurboTax will guide you through the process and submit the necessary forms electronically.

Is filing a tax extension free?

Filing a tax extension using TurboTax is typically free. However, additional fees may apply if you need to upgrade to a higher-tier TurboTax version or if you choose to pay your taxes owed using TurboTax's payment service.

What happens if I miss the tax extension deadline?

Missing the tax extension deadline means you may incur late filing penalties and interest on any taxes owed. It's important to file your tax return or pay your taxes by the original tax deadline to avoid these penalties.

Timestamped Summary

00:00In this video, we discuss how to file a tax extension using TurboTax in 2023.

00:29Filing a tax extension gives you until October 15th to submit your tax return for the 2023 tax season.

00:49Even if you file a tax extension, you still need to pay your taxes by the original tax deadline of April 15th.

01:33You can file a tax extension using TurboTax by following simple instructions on their website or through their easy extension tool.

02:27Filing a tax extension helps you avoid additional late filing penalties and gives you more time to prepare and file your taxes accurately.

02:32TurboTax simplifies the tax extension process by filling out the necessary IRS forms for you and submitting them electronically.