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jgoddettetax
New Member

Can I file an extension and set up a payment plan for my estimated taxes due?

 
1 Reply
PatrickL
New Member

Can I file an extension and set up a payment plan for my estimated taxes due?

Yes you can. 

An IRS extension gives you until October 16 to file, but it doesn't give you until October to pay your taxes. Those are still due by midnight, April 18.

(Expecting a refund? You may not need an extension. Read more here.)

Below are 5 different ways to file your IRS extension (click or tap here for info about state extensions).

  1. Make a payment to the IRS and select Extension or Form 4868 as the payment type.
  2. Search for extend inside your TurboTax program, then click or tap the "Jump to" link.
  3. Sign in at TurboTax.com, then select Easy Extension from the MyTurboTax menu (mobile devices: tap the upper-left corner to access this menu).
  4. Sign in at the Easy Extension website to e-file your extension.
  5. Download and print Form 4868, fill it out, and get it postmarked before midnight April 18. Payment and mailing instructions are on pages 3 and 4 of your printout.


The IRS will let you pay off your federal tax debt in monthly payments through an installment agreement.

If you haven't filed yet, step through the File section of TurboTax until you reach the screen How do you want to pay your federal taxes? Select the installment payment plan option, click Continue, and follow the onscreen instructions.

If you already filed, or you're unable to find this option in TurboTax, you can apply for a payment plan at the IRS Payment Plans and Installment Agreements web page (make sure you've filed your return before applying through their site).

State Payment Plans

Most states offer some kind of installment payment plan as well, although the procedure varies from state to state.

The easiest way to obtain the info you need is to simply search the internet using the phrase <state> tax payment plan(for example, New Jersey tax payment plan or Illinois tax payment plan). You can also try contacting your state Department of Revenue for details.

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