{"id":78188,"date":"2026-04-16T20:12:58","date_gmt":"2026-04-16T20:12:58","guid":{"rendered":"https:\/\/diyhaven858.wasmer.app\/index.php\/tax-day-is-here-yes-you-can-still-get-an-extension-from-the-irs\/"},"modified":"2026-04-16T20:12:58","modified_gmt":"2026-04-16T20:12:58","slug":"tax-day-is-here-yes-you-can-still-get-an-extension-from-the-irs","status":"publish","type":"post","link":"https:\/\/diyhaven858.wasmer.app\/index.php\/tax-day-is-here-yes-you-can-still-get-an-extension-from-the-irs\/","title":{"rendered":"Tax Day is here. Yes, you can still get an extension from the IRS."},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div xmlns:default=\"http:\/\/www.w3.org\/2000\/svg\" data-testid=\"article-body\">\n<div class=\"bodyItems-wrapper\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Time is running out to file your tax return and meet the deadline on April 15. (That\u2019s today.)<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->This year\u2019s tax season has been a doozy. Provisions in the One Big Beautiful Bill Act, including new and expanded deductions, have pushed the average refund amount to nearly $3,500. The changes have also likely left some taxpayers cautious or confused, with the total number of returns received by the federal government lower for the week of April 3 than the same week last year.<!-- HTML_TAG_END --><\/p>\n<section class=\"card variant-default tw-mb-6 yf-16k5ypw elevation3\"\/>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->But there\u2019s still time to pay your bill \u2014 or get the refund you\u2019re owed \u2014\u00a0and avoid penalties. Importantly, you also have right up until the deadline to contribute to your IRA or Roth IRA for 2025.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Here\u2019s what you need to know.<!-- HTML_TAG_END --><\/p>\n<section class=\"card variant-default tw-mb-6 yf-16k5ypw elevation3\"\/>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Yes. Nearly anyone can extend their filing deadline to Oct. 15, and you have until today to file an extension. However, your tax payments must be submitted to the IRS by today, regardless.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->The penalty for failing to file by the deadline is up to 10 times more severe than the penalty for not paying your tax bill in time, according to Andy Phillips, vice president of the Tax Institute at H&amp;R Block, underscoring just how important it is to apply for extra time if needed. For each month your return is late, you\u2019ll be fined 5% of your total tax bill, up to 25%, while the failure-to-pay penalty is 0.5% of unpaid taxes each month, up to 25%.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->\u201cRequesting an extension is better than nothing,\u201d Phillips said. \u201cEven if you can\u2019t submit payment, you\u2019re going to save yourself money in the long term if you file by the due date \u2014 a tax return if you\u2019re ready.\u00a0If not, an extension.\u201d<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->There are a few ways to get an extension. When paying your tax bill online \u2014\u00a0even if it\u2019s only for an estimated amount based on your prior payments and adjusted gross income \u2014 you can note that you\u2019re doing so as a part of filing for an extension and receive a confirmation number, according to the IRS.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><em>Read more: <\/em><em>How to file an IRS tax extension: A step-by-step guide<\/em><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->You can also file Form 4868 via mail, tax software, or a tax professional and receive an automatic extension \u2014 though, again, you have to estimate your tax liability for the year and report what you owe if you believe you\u2019ll have a payment due. While the form notes that an estimated tax payment isn\u2019t necessarily required to get extra time, interest and possibly penalties will be charged for late tax payments.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->\u201cEven if you had a good reason for not paying on time, you will still owe interest,\u201d the form states.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Filers can sign up for a payment plan if they\u2019re unable to pay their tax bill, though fees and interest may be involved there too. That\u2019s why it\u2019s important to pay what you can by the deadline.<!-- HTML_TAG_END --><\/p>\n<\/p><\/div>\n<p>   <button class=\"secondary-btn fin-size-large readmore-button    rounded   yf-r7dg9i\" data-ylk=\"elm:readmore;itc:1;sec:content-canvas;slk:Story%20Continues\" data-yga=\"{&quot;yLinkElement&quot;:&quot;readmore&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Story Continues&quot;}\" aria-label=\"Story Continues\" title=\"Story Continues\"> <span>Story Continues<\/span> <\/button> <\/p>\n<div class=\"read-more-wrapper\" style=\"display: none\" data-testid=\"read-more\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->One option: Request a short-term payment plan, and pay your bill in full in 180 days if you owe less than $100,000 in combined tax, penalties, and interest. There\u2019s no setup fee.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Another choice: Request a longer-term installment agreement if you owe less than $50,000 and you\u2019re up to date on all past-due taxes. There\u2019s a $22 setup fee if you agree to pay monthly with automatic withdrawals, or $69 if you don\u2019t do automatic payments. The fee may be waived or reduced if you\u2019re considered low-income.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->In both cases, interest and penalties will likely accrue until the balance is fully paid. As a result, the IRS notes that some \u201cloan costs may be lower than the combination of interest and penalties the IRS must charge under federal law.\u201d Phillips advised, \u201cDeveloping a plan as soon as possible is likely going to save you both money and a lot of IRS notices in the long run.\u201d<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->It\u2019s worthwhile this year to read the fine print of the One Big Beautiful Bill Act and its sweeping tax changes, which also made it advantageous in some cases to itemize deductions rather than take the simpler standard deduction.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->That\u2019s especially true for homeowners. The cap on state and local tax deductions increased from $10,000 to $40,000, providing the biggest boost to big earners with pricey homes in high-tax states.<!-- HTML_TAG_END --><\/p>\n<figure data-testid=\"article-figure-image\" class=\"yf-750ceo\">\n<div class=\"image-container yf-lglytj loader\" style=\"--max-height: 640px;\">\n<div class=\"image-wrapper yf-lglytj\" style=\"--aspect-ratio: 960 \/ 640; --img-max-width: 960px;\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"\" loading=\"lazy\" height=\"640\" width=\"960\" class=\"yf-lglytj loader\"\/><\/div>\n<\/div><figcaption class=\"yf-750ceo\">   <span>Anchiy via Getty Images<\/span><\/figcaption><\/figure>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Meanwhile, taxpayers for the first time this year can also deduct up to $10,000 of car loan interest on recently purchased new vehicles assembled in the US, as well as take deductions up to a certain amount on tips and overtime, regardless of whether they\u2019re itemizing or taking the standard deduction.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Those tax changes for tipped workers and overtime earners, while offering ample savings, might have raised a few questions when filing, which should be smoothed out next year.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->\u201cIt\u2019s a transitional year \u2014 employers weren\u2019t necessarily clearly tracking, in particular, overtime, in a way that was easily translatable. You\u2019ve got to remember this bill was passed in the middle of the tax year,\u201d Phillips said. \u201cSome folks, they may have it shown on their W-2 how much overtime they worked, maybe not.\u201d<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Seniors also get an extra break thanks to the OBBBA.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->The new rule gives eligible taxpayers age 65 and older an additional $6,000 deduction. Married couples filing jointly can claim up to $12,000 if both spouses qualify.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->It won\u2019t help everyone equally, though. The deduction is temporary, subject to income limits, and only lowers your taxable income \u2014 it\u2019s not a dollar-for-dollar reduction to your tax bill. You can claim it whether you take the standard deduction or itemize.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><em>Emma Ockerman<\/em><em>\u00a0is a reporter covering the economy and labor for Yahoo Finance. You can reach her at\u00a0<\/em><em>emma.ockerman@yahooinc.com<\/em><em>.<\/em><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><strong>Sign up for the Mind Your Money newsletter<\/strong><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><strong>Click here for the latest personal finance news to help you with investing, paying off debt, buying a home, retirement, and more<\/strong><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><strong>Read the latest financial and business news from Yahoo Finance<\/strong><!-- HTML_TAG_END --><\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p><br \/>\n<br \/><a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Time is running out to file your tax return and meet the deadline on April 15. (That\u2019s today.) This year\u2019s tax season has been a doozy. Provisions in the One Big Beautiful Bill Act, including new and expanded deductions, have pushed the average refund amount to nearly $3,500. The changes have also likely left some [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":52071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_daextam_enable_autolinks":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[10],"tags":[7071,7072,1162,1257],"class_list":["post-78188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","tag-andy-phillips","tag-automatic-extension","tag-tax-bill","tag-tax-return"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/diyhaven858.wasmer.app\/wp-content\/uploads\/2026\/03\/4ed85f30-ea58-11f0-b7fb-e6b57d6e25d9.jpeg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/posts\/78188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/comments?post=78188"}],"version-history":[{"count":0,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/posts\/78188\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/media\/52071"}],"wp:attachment":[{"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/media?parent=78188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/categories?post=78188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/tags?post=78188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}