NEW YORK – The deadline to file the tax return, both federal and state, is this Tuesday, April 18. However, those taxpayers who cannot declare them before this day can request more time by filling out a formif they want the federal extension, which will give them until October 16 to present them.
For state taxes, individuals also have the option to request that 6-month extension.
Here we explain how to request it for both the federal tax return and the states of New York, New Jersey and Connecticut.
How to request an extension to file my federal taxes?
Any taxpayer can request a six-month extension, which is automatic and free, through the Form 4868which contains 9 questions and is available on the IRS website. This can be sent using the section Free file here.
You only have to fill out the form, but you should know that an extension to file is not an extension to pay taxes. If you owe taxes, you must pay them before the due date to avoid possible fines and interest on the amount owed.
“There are two types of penalty, the penalty for not paying and the penalty for not filing,” said Alejandra Castro, an IRA spokeswoman. “The penalty for not filing is much, much higher than for not paying, the penalty for not filing is 5% per month up to a maximum of 25% of the debt amount,” she added.
So when you file the extension you must include the payment of what you think is your tax liability. The additional 6 months are only to obtain the necessary documents to present the return. this is when taxpayers request the extension to file their 2022 federal tax return until October 16, 2023.
“The most important thing is that the taxpayer presents on time, that he sends a check with as much as he can, because the problem is that if he does not present he will have a double penalty,” Castro said.
If you do not send the correct amount and you owe more tax, the IRS will charge you interest on the unpaid tax.
For more details and information on how to request this federal extension visit this page with the details.
What are the options if I don’t file taxes before the due date? Find out here.
What should I keep in mind when requesting more time to file 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 potential penalties.
- You must file your extension request no later than the regular due date to file your return.
How do I request an extension to file my New York, New Jersey and Connecticut state taxes?
You can apply for an extension directly on the New York Department of Taxation and Finance website. The process is free and the person will receive an instant confirmation by email that the State received the extension request. Enter here to request the extension and more information.
NEW JERSEY
If you want to ask for an extension in New Jersey, you can file the form NJ-630 to request an extension with New Jersey no later than April 18, 2023. You can file the form:
In order for New Jersey to accept your extension, you must:
- Calculate your total tax due for the tax year. You can find the total tax liability on form NJ-1040, line 45; Form NJ-1040NR, line 42; or Form NJ-1041, line 29.
- If your withholdings, estimated payments, or other payments do not equal at least 80% of your total tax due, make one payment with your extension request to ensure you have paid at least 80%.
- If you haven’t paid at least 80% of your taxes by April 18, 2023, the department will deny the extension and charge you a late filing penalty.
CONNECTICUT
Connecticut taxpayers have many options available to file their returns, including popular third-party software. Additionally, they can file state income tax returns for free using myconneCT, el The department’s online portal that replaces the Taxpayer Service Center (TSC) and is part of a multi-year, multi-phase information technology modernization initiative.
To request an extension to file Connecticut state taxes you can go here where you find the Form CT-1040 form.
