IRS Announces 2024 Tax Filing Extension

IRS Announces Tax Filing Extension for 2024: What You Need to Know

Washington, D.C. – April 15, 2024 – The Internal Revenue Service (IRS) has officially announced a tax filing extension for millions of Americans, granting extra time to submit federal tax returns. The move comes in response to widespread requests from taxpayers and professionals dealing with last-minute complications.

Key Details of the Extension

New Deadline: October 15, 2024 (for most individual filers)

Automatic Approval: Taxpayers do not need to file additional paperwork to qualify.

Payment Deadlines Remain: While the filing deadline is extended, any owed taxes must still be paid by the original April 15 deadline to avoid penalties and interest.

Who Qualifies?

The extension applies to:

Individual taxpayers needing more time to complete their returns.

Small businesses and self-employed filers.

Those in federally declared disaster areas (additional extensions may apply).

Why the Extension?

IRS Commissioner Danny Werfel stated, 'We recognize that many taxpayers face unique challenges this year, including tax law changes and system updates. This extension provides much-needed flexibility.'

Tax professionals have welcomed the decision, noting that delays in IRS processing and lingering pandemic-related issues have caused difficulties for filers.

What You Should Do Now

Pay Estimated Taxes Now: If you owe taxes, pay by April 15 to minimize penalties.

File Later: Use the extra time to ensure accurate returns.

Check State Deadlines: Some states may not automatically align with the federal extension.

For more information, visit IRS.gov.

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