Tax filing extension deadline on October 17, 2022

You have until October 17, 2022 to file your 2021 income tax return if you have applied for an extension. The IRS encourages taxpayers to file electronically as soon as possible.

Tax day traditionally falls on April 15 in the United States, but in 2020 and 2021 the IRS pushed back the deadline to give taxpayers more time to file their income tax returns during the coronavirus pandemic. This year, the IRS decided not to extend the deadline, and millions of taxpayers had to file their returns by Monday, April 18, 2022.

According to the IRS, an estimated 19 million Americans are requesting an extension to file their 2021 income tax returns. Recent online search data shows that interest in the tax return extension date is increasing as the deadline approaches.

THE QUESTION

Is the tax deadline for people who have filed extensions coming soon?

THE SOURCES

THE ANSWER

This is true.

Yes, the tax deadline for people who have filed extensions is October 17th.

WHAT WE FOUND

If you have requested an extension to file your 2021 tax return, you have until October 17, 2022 to file an accurate and complete return. That’s because Oct. 15, the usual filing deadline, falls on a Saturday this year, according to the IRS and eFile, an IRS-authorized e-files provider.

The IRS encourages taxpayers who have requested extensions to file their tax returns electronically as early as possible to avoid the last-minute rush before the Oct. 17 deadline. If a taxpayer is due a refund, the IRS recommends that they choose direct deposit when filing electronically to receive their refund as quickly as possible.

Filing as soon as possible electronically can also help taxpayers who didn’t file an extension and missed the April 18 deadline avoid further penalties and interest if they owe taxes, the IRS says on its website.

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“We continue to urge people to submit electronically and to do so as soon as possible. Even if people have an extension through October, filing returns as soon as possible can either help them get a refund faster or save them money if they have debt by avoiding additional interest and penalties,” IRS Commissioner Chuck said radishes

The IRS states that “an extension to file a tax return is not an extension to pay taxes.” This means penalties and interest may accrue on any amounts still owed by taxpayers after the original April 18 deadline.

“Taxpayers were still required to pay 100% of taxes owed by April 18 as the crisis loomed [Oct. 17] With that deadline, you can file the actual return without incurring any additional fees or penalties,” says SoFi, a personal finance firm and online bank, on its website.

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The IRS shares some e-filing options to help taxpayers who have requested an extension:

  • IRS Free File: Eligible individuals can use the IRS Free File program to prepare and file their 2021 federal income tax returns for free. Taxpayers can also choose the tax preparation software brand company that works best for them. Some companies offer free preparation of state tax returns. Those who have earned more than $73,000 have an opportunity to use IRS Free File Fillable Forms.
  • MilTax Online Software: MilTax Online software is also available to military members and certain veterans, regardless of income. This software is offered by the Department of Defense.
  • Commercial Software: The software uses a question-and-answer format that facilitates tax collection. The tax return is electronically signed and submitted through IRS-approved electronic channels.
  • Authorized e-Files Provider: Tax advisors accepted by the IRS electronic filing program are IRS Authorized e-Files Providers. You will be able to create, submit and edit electronic tax returns.

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Alley Einstein

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