Just like how self-employed individuals estimate taxes, you need to do the same and figure out whether or not you’re going to owe the IRS. Now, you might think how are you supposed to know if you’re going to owe tax or not before filing your return. So the extension only gives six months to file a tax return, not extra time to pay taxes. However, all the unpaid tax must be still paid to the IRS by April 15. A tax extension gives an additional six months to file a federal income tax return. Same as any other year, the 2021 tax filing deadline is April 15 but there are a few things you should know.Įspecially if you’re in need of extra time to file your federal income tax return.Those who are still gathering their tax documents and while the April 15 approaches can file an extension. All taxpayers have a deadline to file their federal income tax returns.
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