Tax Extension
TaxGlossary term
Definition
A filing with the IRS (Form 4868) that gives you an additional six months to submit your tax return, moving the deadline from April to October. An extension to file is not an extension to pay; estimated taxes are still due by the original deadline.
Related terms
- Estimated Tax PaymentsQuarterly tax payments made by self-employed individuals, freelancers, and others who don't have taxes withheld from their income. Payments are due in April, June, September, and January to avoid underpayment penalties.
- Amended ReturnA revised tax return (Form 1040-X) filed to correct errors or make changes to a previously filed return. Common reasons include unreported income, incorrect filing status, or missed deductions and credits. Generally must be filed within three years.
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