How to File a Tax Extension Before the Deadline

The IRS tax deadline for the 2022 tax year was April 18, and taxpayers who needed more time could request an extension to file their return until Oct. 16, 2023. An extension gave people more time to complete the paperwork, but any taxes owed still had to be paid by the original deadline to avoid interest and penalties. The article outlines basic filing steps for individuals and families, including gathering documents such as W2s and 1099s, choosing a filing method, selecting a filing status, and deciding whether to take the standard deduction or itemize. It also notes that electronic filing and direct deposit are generally the fastest ways to receive a refund. For those unable to pay in full, the IRS offers payment plan options. The piece emphasizes that filing on time, or at least requesting an extension on time, is important because the penalty for failing to file is higher than the penalty for failing to pay.