IRS Confirms New Extension Deadline: Key Details for Eligible Taxpayers!

As the tax season wraps up on April 15, 2025, many U.S. taxpayers are relieved to be done with their IRS filings for another year. Nevertheless, some individuals have the option to delay their filing until October 15. This extension may be sought for various reasons, including unforeseen tax complications or automatic deferment due to natural disasters.

Is It Too Late to Request an Extension?

The primary deadline for both filing and paying taxes has already passed, which means it’s too late to ask for an extension if you’ve missed this date. Extensions must be filed before the regular tax deadline. Note that obtaining an extension only affects the filing date, not the payment due date, which remains April 15.

It’s worth mentioning that the IRS reports that most taxpayers meet their obligations on time. Over the past three decades, the IRS has observed that the tax gap—the difference between total taxes owed and taxes paid on time—has been between 15%-18%.

Eligibility for Filing Extensions This Tax Season

There are several ways to qualify for a tax filing extension:

1. Make an online tax payment and indicate that you are filing for an extension.
2. Use the IRS Free File tool to request an automatic extension.
3. Submit Form 4868 either online or by mail. If mailing, the form must be postmarked before the deadline to be considered timely.

Additionally, U.S. residents living abroad automatically receive an extra two months to file. Those affected by natural disasters typically receive extensions from the IRS for both filing and payment deadlines.

Impact of Southern California Wildfires on Tax Deadlines

California residents affected by the Southern California wildfires have until October 15 to file their taxes due to automatic extensions. This extension also applies to their payment obligations if they were unable to meet the April 15 deadline. For late state tax filings, the California tax agency requires that “Los Angeles Fire” be noted on the tax forms to explain the delay.

If you’re unable to pay your taxes by the deadline, the IRS advises paying as much as you can and setting up a payment plan for the rest. Ignoring your tax bill can lead to severe penalties and interest. It’s crucial to communicate with the IRS and arrange a plan to settle your tax debts.