Many people have valid reasons for failing to file their taxes by the deadline. Every year, you must file your taxes by Tax Day, which is April 15th (Tax Day is usually on April 15 but was set back in 2020 and 2021 due to COVID-19). Here is how to avoid penalties for failing to file your taxes by the due date.
A tax extension is a period of time granted by the IRS to taxpayers who are unable to file their taxes by the deadline. The extension is valid for six months and is available to all taxpayers. Filing an extension allows taxpayers to postpone their tax filing, but it does not exempt them from paying any back taxes... [learn more]