NEW YORK – The deadline for filing income tax returns, federal and state, is this Tuesday, April 18. However, taxpayers who cannot report them before that day can request more time by filling out a form, if they want the federal extension, which will give them until October 16 to submit them.
For state taxes, individuals also have the option of requesting this 6-month extension.
Here we explain how to request it for both the federal tax return and for the states of New York, New Jersey and Connecticut.
How do I request an extension to file my federal taxes?
Any taxpayer can request a six-month extension, which is automatic and free, through Form 4868, which contains 9 questions and is available on the IRS website. This can be sent using the section Free file here.
Just fill out the form, but be aware that a file extension is not an extension for paying taxes. If you owe taxes, you must pay them before the due date to avoid possible penalties and interest on the amount owed.
“There are two types of penalties, the non-payment penalty and the non-declaration penalty,” said IRA spokesperson Alejandra Castro. “The penalty for non-declaration is much, much higher than for non-payment, the penalty for non-declaration is 5% per month up to a maximum of 25% of the debt amount,” he said. -he adds.
So when you file the extension, you must include payment of what you think is your tax liability. The additional 6 months are only used to obtain the documents necessary to present the declaration. when this is taxpayers are requesting the extension to file their 2022 federal income tax return until October 16, 2023.
“The most important thing is that the taxpayer shows up on time, sends a check with as much as he can, because the problem is if he doesn’t show up, he’ll get a double penalty,” Castro said.
If you send the wrong amount and owe more tax, the IRS will charge you interest on the unpaid tax.
For more details and information on how to apply for this federal extension, visit this page with details.
What are my options if I don’t file my taxes by the due date? Find out here.
What should I keep in mind when asking for more time to file my taxes?
- An extension of time to file your return does not give you an extension of time to pay your taxes.
- You must estimate and pay any tax due by its regular due date to avoid possible penalties.
- You must file your extension request by the usual due date for filing your return.
For more information, go here.
How do I request an extension to file my New York, New Jersey, and Connecticut state taxes?
NEW YORK
You can request an extension directly on the New York Department of Tax and Finance website. The process is free, and the individual will receive instant email confirmation that the state has received the extension request. Enter here to request the extension and more information.
NEW SWEATER
If you want to request an extension in New Jersey, you can file Form NJ-630 to request an extension from New Jersey on or before April 18, 2023. You can file the form:
For New Jersey to accept your extension, you must:
- Calculate your total tax due for the tax year. You can find the total amount of tax payable on Form NJ-1040, line 45; Form NJ-1040NR, line 42; or Form NJ-1041, line 29.
- If your deductions, estimated payments, or other payments don’t equal at least 80% of your total tax owing, make a payment with your extension request to make sure you’ve paid at least 80%.
- If you have not paid at least 80% of your taxes by April 18, 2023, the ministry will refuse the extension and charge you a late filing penalty.
CONNECTICUT
Connecticut taxpayers have many options for filing their returns, including popular third-party software. Additionally, they can file state tax returns for free using myconneCT, the department’s online portal that replaces the Taxpayer Service Center (TSC) and is part of a multi-year IT modernization initiative. information and several phases.
To request an extension to file Connecticut state taxes, you can go here where you can find Form CT-1040.