How to File an Extension for the 2023 Tax Season

📝Filing an extension allows you until October 15th to file your paperwork for the 2023 tax season.

💰Filing an extension does not extend the time to pay your taxes. Make sure to estimate your tax liability and make any required payments by the original deadline.

🗓️There are three different methods to file for an extension: filling out the form, using tax software, or making a payment towards your taxes.

📧Using tax software, such as TaxSlayer, TurboTax, or H&R Block, provides a simpler way to e-file an extension for your federal return.

💳Paying a small amount towards your taxes, even if you expect a refund, can be a convenient and quick way to file an extension.

Does filing an extension give me more time to pay my taxes?

—No, filing an extension only extends the time to turn in your paperwork. Make sure to estimate your tax liability and make any required payments by the original deadline.

How long do I have to file my taxes with an extension?

—Filing an extension gives you until October 15th to file your paperwork for the 2023 tax season.

Can I file an extension for my state taxes?

—The extension process for state taxes varies. Check with your individual state's tax authority to see if an extension is available and how to file it.

What if I don't know my total tax liability when filing for an extension?

—Even if you don't know your exact tax liability, make an educated estimate using tax calculators or online resources. It's better to make a payment towards your taxes than none at all.

Can I file an extension if I expect a refund?

—Yes, you can still file an extension even if you expect a refund. Filing an extension gives you more time to submit your paperwork, regardless of whether you owe taxes or not.

00:00Welcome back to my channel. Today's video is all about filing an extension for the 2023 tax season.

00:24There are three different methods to file for an extension: filling out the form, using tax software, or making a payment towards your taxes.

02:32Tax software, such as TaxSlayer, TurboTax, or H&R Block, provides a simpler way to e-file an extension for your federal return.

04:45Paying a small amount towards your taxes, even if you expect a refund, can be a convenient and quick way to file an extension.

08:14Filing an extension gives you until October 15th to file your paperwork for the 2023 tax season. Make sure to estimate your tax liability and make any required payments by the original deadline.