Educational Tax Tip: Understand What an IRS Extension Really Means

Do you know what happens if you request an IRS extension but don't pay your taxes by the deadline? Filing an extension gives you more time to submit your return, but not more time to pay any taxes you owe. The IRS still expects payment by April 15, 2025. If you miss this deadline, penalties and interest will start to accrue on your unpaid balance — even if you filed for an extension. If you need more time to pay, the IRS offers different relief options for taxpayers struggling to pay.

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