@selbym wrote:
Thank you very much, that is information I am delighted to recieve. Just to confirm, my tax return will not be considered late if I file it as soon as I can confirm that the Dept. of Education will not offset my refund? ...so in general, if you don't owe taxes and you stand to recieve a refund, you do not need to file for an extension? Or I did the right thing in applying for an extension?
As long as you have a valid tax refund and there are no offsets by the IRS which would remove the refund, then an extension would no be required.
If, for example, you will have taxes owed on the 2024 tax return and you file the tax return after April 15, 2025, then there would be a failure to pay penalty and interest owed on the taxes owed until they were paid. The extension request only gives you an extra six months to file the tax return. It does not give an extension to pay any taxes owed.
