File an Extension? What you NEED to know
When the April 15th deadline for filing federal income taxes looms, many people get caught in a last-minute panic. The either/or dilemma is often between rushing to file and making a mistake, or simply missing the deadline altogether. But there's a both/and solution: you can file for an extension. This is a simple form that typically gives you until October 15th to file your return.
'A critical piece of sound financial knowledge about extensions: an extension is an extension to file, not an extension to pay. If you expect to owe taxes, you should still estimate that amount and pay it by the April deadline to avoid potential penalties and interest. Making this distinction is a hallmark of a sound, proactive approach to your finances. Stop running in a last-minute panic. Link in the description.'
But here’s a critical piece of SOUND financial knowledge: an extension is an extension to file, not an extension to pay. If you expect to owe taxes, you should still estimate that amount and pay it by the April deadline to avoid potential penalties and interest. Making this distinction is a hallmark of a sound, proactive approach to your finances. This is a core part of building a financial life on a foundation of truth, not fear.
If you're ready to operate with a clear, calm timeline and avoid last-minute panic, watch the full podcast episode. Link in the description: https://www.safesimplesound.com/tax-edition-episode-28/
DISCLAIMER: This content is for educational purposes only and should not be considered personalized financial advice. Always consult with a qualified financial professional before making financial decisions.