The IRS often gives an automatic six-month filing extension to anyone who properly asks for it by Tax Day in April. Now, that extension is almost up. Oct. 15, 2018, is the filing deadline for most people who requested an automatic six-month extension for their 2017 federal income tax returns.
Can I still file an extension for my 2017 taxes?
Individual tax filers, regardless of income, can use Free File to electronically request an automatic tax-filing extension. Filing this form gives you until October 15 to file a return. To get the extension, you must estimate your tax liability on this form and should also pay any amount due.
What is the tax extension deadline for 2017?
Don’t Miss Out on Your 2017 Tax Refund—Yes, 2017 While the IRS typically allows you to claim your tax refund within three years from the due date of the tax return (April 15, 2021), the IRS has extended the tax deadline to May 17 to claim the refund.
How long are IRS extensions good for?
So, what is the tax extension time period? Once you’ve requested the extension, you automatically have an additional six months beyond the original filing deadline. That means your taxes are due on October 15. To request an extension, you’ll need to submit IRS Tax Form 4868 before April 15 (July 15 in 2020).
Can I still file my 2017 taxes in 2021?
Unclaimed 2017 refunds The IRS estimates 1.3 million taxpayers did not file a 2017 tax return to claim tax refunds worth more than $1.3 billion. The three-year window of opportunity to claim a 2017 tax refund closes May 17, 2021, for most taxpayers.
How far back can the IRS go for unfiled taxes?
The IRS can go back to any unfiled year and assess a tax deficiency, along with penalties. However, in practice, the IRS rarely goes past the past six years for non-filing enforcement. Also, most delinquent return and SFR enforcement actions are completed within 3 years after the due date of the return.
Will tax deadline be extended in 2021?
2021 Federal Tax Deadline Extensions The federal tax filing deadline for 2020 taxes has been automatically extended to May 17, 2021. Due to severe winter storms, the IRS has also extended the tax deadline for residents of Texas, Oklahoma and Louisiana to June 15, 2021. This extension also applies to 2020 tax payments.
Are taxes delayed for 2021?
On March 17, the IRS announced that the deadline to both file and pay 2020 individual federal income taxes has been extended to May 17, 2021.
When can you do taxes 2021?
Even though taxes for most taxpayers are due by April 15, 2021, you can e-file (electronically file) your taxes earlier. The IRS likely will begin accepting electronic returns anywhere between Jan. 15 and Feb. 1, 2021, when taxpayers should have received their last paychecks of the 2020 fiscal year.
What happens if taxes are late?
Late-filing penalties can mount up at a rate of 5% of the amount due with your return for each month that you’re late. If you’re more than 60 days late, the minimum penalty is $100 or 100% of the tax due with the return, whichever is less. Filing for the extension wipes out the penalty.
How many tax extensions can you file?
In general, you can’t file a second extension. See below for exceptions however. Once upon a time you could request a second extension (Form 2688) until mid-October if you couldn’t file by the first extension’s mid-August deadline.
What happens if you miss tax extension deadline?
If you have a tax refund coming, there is no penalty for filing late. Penalties are calculated based on amounts due. If you file after the October 15 extended tax deadline and you owe, you will be subject to late filing fees.
How far back can you file taxes?
How late can you file? The IRS prefers that you file all back tax returns for years you have not yet filed. That said, the IRS usually only requires you to file the last six years of tax returns to be considered in good standing. Even so, the IRS can go back more than six years in certain instances.
Can I still efile my 2017 tax return in 2020?
The IRS allows electronic filing of tax returns for the current tax year only. Prior year returns can only be filed electronically by registered tax preparers, and only when the Modernized e-File System is available.
Is it too late to amend 2017 taxes?
You have up to three years after the tax-filing deadline to file an amended return, which means you still have time to file an amended return for 2017, 2018, 2019 or 2020, if you have already filed. (The window for collecting a 2017 tax refund will close on May 17, 2021).