![]() Cook, an accountant and the owner of NC Accounting & Consulting Solutions. "Most people think that if they owe the IRS, this waives a few extra months for payment when that is not the case," says Nakiea S. A tax extension gives you an extension to file, but doesn't give you an extension if you owe money to the IRS. What is a tax extension?Ī tax extension gives you until Oct. But before you request an extension, make sure you know the rules first. While your reasoning doesn't matter, an extension gives you more time - six extra months - to file your income taxes. Whether you've been out of town, facing an emergency, or just don't have your paperwork in order, you might need more time to file your taxes. By clicking ‘Sign up’, you agree to receive marketing emails from InsiderĪs well as other partner offers and accept ourĪnyone can file a tax extension.
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