Can i get an extension on my tax returns?
An extension to file your income tax returned had to be filed by April 15th. Therefore, you need to file your income tax return as soon as possible. The penalty for filing your tax return after the due date, without filing an extension, is 5% of the unpaid balance due on the return for a maximum of 25%. Also there is a late payment penalty for failure to pay the tax. This is 1/2 of 1% for each month there is an unpaid balance. So file the return as soon as you are able to help avoid some of these penalties. Laura H – H&R Block – Senior Tax Advisor 5 **This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided.
