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posted Jul 15, 2020 4:01:38 PM

Do I need to file a federal extension if I do not owe any money?

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1 Replies
Level 3
Jul 15, 2020 4:24:03 PM

Hi kabell81,

 

Here's a quick summary from our FAQ:

 

Technically no, at least when it comes to your federal return.

Because the IRS calculates the late-filing penalty off of any additional taxes you owe ($0 in your case), there's no penalty because $0 × anything = $0.

However, it's best to go ahead and file an extension anyway, for three good reasons:

  1. If you end up owing (e.g., you corrected an error, forgot to enter a W-2, got a revised 1099 form, etc.) an extension protects you from the late-filing penalty.
  2. Some states require that you file a federal extension to get a state extension. More info
  3. It only takes a few minutes, and it's free!

Please check it out for more related info that could help:

https://ttlc.intuit.com/community/extensions/help/do-i-need-to-file-an-extension-if-i-m-getting-a-refund/00/26282

Thank you!